Heat oil in a large skillet over med-low heat. Add garlic and cook for 2 min. Add pine nuts and cook until lightly golden, about 3 min. Increase heat to med and add spinach, salt, pepper and water (add this last or will make mess when mixing with oil). Cover and cook, tossing occasionally with tongs until spinach wilts, about 4 min. Remove from heat. Add sliced basil leaves and toss until they wilt, about 1 min. Serve immediately.