Old English wætergefeall; see water (n.1) + fall (n.). The modern English word is perhaps a re-formation from c. 1500. Similar formation in German wasserfall, Old Norse vatnfall.
Entries linking to waterfall
water n.1
Old English wæter, from Proto-Germanic *watr- (source also of Old Saxon watar, Old Frisian wetir, Dutch water, Old High German wazzar, German Wasser, Old Norse vatn, Gothic wato "water"), from PIE *wod-or, suffixed form of root *wed- (1) "water; wet."
To keep (one's) head above water in the figurative sense is recorded from 1742. Water cooler is recorded from 1846; water polo from 1884; water torture from 1928. Linguists believe PIE had two root words for water: *ap- and *wed-. The first (preserved in Sanskrit apah as well as Punjab and julep) was "animate," referring to water as a living force; the latter referred to it as an inanimate substance. The same probably was true of fire (n.).
fall n.
c. 1200, "a falling to the ground; a dropping from a height, a descent from a higher to a lower position (as by gravity); a collapsing of a building," from Proto-Germanic *falliz, from the source of fall (v.). Old English noun fealle meant "snare, trap."
Of the coming of night from 1650s. Meaning "downward direction of a surface" is from 1560s, of a value from 1550s. Theological sense, "a succumbing to sin or temptation" (especially of Adam and Eve) is from early 13c.
The sense of "autumn" (now only in U.S. but formerly common in England) is by 1660s, short for fall of the leaf (1540s). Meaning "cascade, waterfall" is from 1570s (often plural, falls, when the descent is in stages; fall of water is attested from mid-15c.). The wrestling sense is from 1550s. Of a city under siege, etc., 1580s. Fall guy is attested by 1906.