My house backs up to the East Reservoir. In fact, my house basically backs up to this hide! (It's the one in the "corner." [I mean my house, not the cache 
]) I have enjoyed many hikes around this short (about 1 mile) loop. I got inspired to place geocaches here (four in total) because @dtvman placed two (though he has since archived one to make room for one of mine). You can't park your car too near this hide. I'd recommend picking one of the others and then doing a loop around the reservoir to bag five caches in a short period of time! Enjoy your hike, enjoy the views, and happy geocaching 
Maybe you'll even catch me in my yard and we can say hello to each other!
Pay attention to the name of the cache for your hint, but don't take it literally! The cache is preloaded with some low cost, but fun trinkets. Feel free to take one if you also leave one. The cache is flat (that's a good hint for how it's hidden) and thin (which is another good hint about how it's hidden). It's a plastic CD case (that is meant to hold only a single CD). So, don't expect to leave anything large.
If we have snow, this will likely be harder to find.
Edit: I have upgraded the difficulty as it seems that maybe the hide wasn't as obvious as I thought it was.
Edit 2: I have just checked the cache again and I see that a finder has upped the difficulty by camouflaging it. When I placed it, I hadn't done this. I think the cache is much more fun to find now, though. I have upped the difficulty one more notch.
Edit 3: I have updated this description and have included some hints in the process.
Congrats to FTF Kroozer!