No, it's nothing to do with Fozzie Bear!
At the end of Wachasaw Road where it meets the Waccama River, there is a public boat ramp, Wacca Wache Landing, and the Wacca Wache Marina.
Easily accessible by car or by boat from the public boat landing, this cache will give you a nice panoramic view of the marina and all of the beautiful boats moored there. It's a great place to come and watch the Sunset!