Top Definition
When a female is so turned on, horny, and wet that she starts dripping fluid out of her vagina, basically ruining her panties.
Chick: Did you see Serge Ibaka in the OKC Thunder game last night?
Friend: No
Chick: He was so hot, I saw him and instantly got waterfall status

Or

Chick: I love when my boyfriend sends me dick pics, I always get waterfall status.
by timmytheripper July 18, 2014

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