Technically, that’s exactly what it means. The entire design is signed off and completed before the implementation starts, and there is no feedback loop.
But waterfall itself was a straw man in a paper intended to recommend a much more complex process. It’s more than ironic that it became seen to be a valid process in and of itself.
(Sadly I’ve lost the link to the original paper, but if I find it I’ll update my comment)
> Besides, waterfall is just the straw man of scrum zealots.
The irony is that scrum itself is often just a wrapper for a waterfall process with all the problems it comes with. So many corporate implementations of scrum are AINO - agile in name only. Management that doesn’t understand the complexity of software is doomed to oversimplify it.
That said, if you are working iteratively - one feature at a time, with feedback - then whatever you call it, that’s not waterfall.