Terraced Falls ht. 130 feet (40 m) is a waterfall on Fall River in Yellowstone National Park. The highest waterfall on Fall River, Terraced Falls was probably named by the Hague Geological Survey in 1885-1886. An attempt was made to rename it "Totem Falls" in the 1920's, but the USBGN kept the original name. Terraced Falls is easily accessed via a short trail from the Ashton-Flagg Ranch Road along Yellowstone National Park's south border.