The waypoint is Waterloo, Belgium (where Napoleon was defeated). The name Waterloo comes from the old Dutch: "Water" = water -no kidding:)- and "loo" = little wood.
To log this cache, you need to visit one of the many "Waterloo" towns over the world. There, take the waypoint of what you consider to be the center of that town (could be the County Hall, Grand Place, crossroad, etc). Then take some pictures, one of them showing your GPS with its position and another one of a "Waterloo" inscription if possible.
Only one log per town will be accepted. You may first log a note telling about your plans to visit a Waterloo town including the country and county/province/region/state and timing. Only reasonable delays will give you the monopoly to log your Waterloo.
"Town" in this case is very general. Waterloo Station, London (UK) would be accepted for example. Derivative names such as Waterlooville, UK are accepted as long as they clearly come from the original Waterloo, BE. Waterloos, BE would be refused because it doesn't have any link with Waterloo.
Happy geocaching and greetings from Belgium!
Waterloo cities already logged: (update: 22-NOV-2003)
Waterloo Bay Brisbane Queensland
Waterloo Corner Adelaide South Australia
Waterloo inner-southern Suburb of Sydney
Waterloo North of Ballarat Victoria
Waterloo Brabant Wallon
Waterloo Vancouver Island British Columbia
Waterloo Region Ontario
Waterloo Eastern Townships region of Quebec
Waterloo bar Copenhagen
Waterloostraße Eimsbüttel Hamburg
Waterloo station Hannover
Waterloo near Karstädt
Waterloostraße Muelheim an der Ruhr
Waterloo architect Steingaden Bavaria
Waterloo Isle of Skye Scotland
Waterloo Road Blackpool Lancashire
Waterloo district North of Liverpool
Waterloo Station Lambeth London
Waterloo Monument North of Jedburgh Scottish Borders
Waterloo North of Perth Scotland
Waterloo Avenue Lakeland Florida
Waterloo Monroe County Illinois
Waterloo (1 out of 3) Indiana
Waterloo Dekalb County Indiana
Waterloo Jackson County Michigan
Waterloo New Jersey
Waterloo Village Allamuchy Mountain State Park New Jersey
Waterloo New York
Waterloo (Southeast of Columbus) Ohio
Waterloo Gallia County Ohio
Waterloo South Carolina
Waterloo Lake Denison Texas
Waterloo Williamson County Texas
Waterloo Austin Texas
Waterloo Court Richemond Virginia