The series started on Newgrounds in 2003, and ran all the way to 2009, when production was halted. Having a humor style similar to Family Guy, Waterman has had nine episodes produced, along with a short series of Fractured Fairy Tales called Puppets in the Park and a few guest appearances on other animated web shows. The entire series was produced through Waterman Studios HD and used music by Reel Big Fish.
A movie, appropriately titled The Waterman Movie has been in Development Hell since 2007. The planned film is notably the last acting role of the late Leslie Nielsen, with all his lines being recorded before his death in 2010. No information on the film's production or release has come up since 2011.
- Art Evolution: The series' production quality gets a bit better in the later episodes, compared to the very limited animation in the early ones.
- Crossover: The characters from Waterman appeared in one episode of Bonus Stage.
- Curse Cut Short: Waterman almost tells his audience to take it up the ass before he is interrupted by the short film he found in his closet in Watergent.
- "Everybody Laughs" Ending: Episode VIII, including Reel Big Fish and the Donkster of the Deep.
- Fake Band: 16 Buttons of Justice.
- Five-Token Band: In the pingpong tournament episode. Lampshaded when Waterman asks where the member with the power of heart is.
- Limited Animation: Being a Flash web series from the early 2000s, this is to be expected.
- The Movie: The Waterman Movie.
- Retraux: The strange film Waterman finds in his closet that his relatives made in Watergent, done in a classic nineteen twenties style.
- Robot Buddy: A fake one in the form of Roy-Bot; however, the cast is later joined by Robotic Chuck Norris.