Wiktionary
n. A sequential software development process in which development is seen as flowing steadily downwards (like a waterfall) through the phases of requirements analysis, design, implementation, testing, integration, and maintenance
Wikipedia
The waterfall model is a sequential (non-iterative) design process, used in software development processes, in which progress is seen as flowing steadily downwards (like a waterfall) through the phases of conception, initiation, analysis, design, construction, testing, production/implementation and maintenance.
The waterfall development model originates in the manufacturing and construction industries: highly structured physical environments in which after-the-fact changes are prohibitively costly, if not impossible. Because no formal software development methodologies existed at the time, this hardware-oriented model was simply adapted for software development.
Usage examples of "waterfall model".
We'd be right back to iteration one of the waterfall model of singularity formation within a couple of gigaseconds of arriving.