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The article "Waterfall Doesn't Mean What You Think It Means" presents a critique of the waterfall approach in project management and software engineering. The author highlights that many people confuse the actual waterfall process with a simplified version, where project phases are treated as rigid and unchanging. The shift towards more agile methodologies, such as Agile, illustrates that iterativeness and flexibility are crucial for success. The article discusses various disadvantages and limitations of the traditional waterfall model, which can lead to delays and dissatisfaction among clients. Ultimately, the author emphasizes that understanding and adapting to the true meaning of 'waterfall' can improve project outcomes and lead to better final results.