Its certainly not a common expression and I would require further context to give my interpretation. I would guess that it means she is saying that he is in some way unworthy to marry her. An alternative would be "you are not man enough".
I think that the 'blood is thicker than water' theme is misleading since that idiom has a very specific and unrelated meaning.
Well, blood thins from using alcohol...
...I don't have a clue what it means. We still don't have an answer as to in what degree he's unworthy of her hand in marriage.