I made my waterfall out of fiberglass cloth and epoxy resin which was a little more trouble than many people may want to go to. It took some time and was tedious but i'm glad I did it. It's 22 in. high, three tiered and fit's in the right hand corner of my frog tank.
I started by nailing two pieces of plywood together in the shape of a "corner" as a model for the corner where the waterfall would go so I would have something to build the waterfall up against. I used a framing square to square it up, nailed bracing to keep it there, then tacked some wax paper up against the wood so nothing would stick to it. I then used several buckets dirt and mixed H2o untill it was the consistancy of clay and used this to model the waterfall making little side pools, over-hangs, etc.
Anyway, I formed fiber glass over cloth it in small pieces and coated it with Marine Epoxy Resin. Applying the fiberglass was the hard part for me...it would buckle out in places but I was able to press it back down once the resin became more tacky as it dried. After a 2 or 3 coats of epoxy resin I applied another layer of fiber glass cloth and then a couple more coats of resin. Once this dried I removed the "shell" from the frame, laid it down on a work bench and thinly coated the entire thing with a mud like consistancy of epoxy resin and peat moss. I wore rubber gloves so I could use my hands to "mash" the mixture, lump by lump, forming it over the entire shell of the waterfall. I didn't coat the bottoms of the pools, since I intended to put gravel in them, just where the edges sloped into them. The epoxy / peat moss hardens like rock, look like earth and is water proof. Lightly sanding it with 100 grit easily knocks off any sharp spots.
I bought a bag of slate ( small thin pieces varied from from 1/4 in. wide to 2.5 wide ) at a local nursery and "glued" them onto parts of the waterfall by using the epoxy / peat moss mixture.
You can get very creative with these slate pieces by stacking them together to make rock outcroppings and I found that sometimes gluing the slate pieces together with silicone to form these stacks and then bonding them to the waterfall all at once worked out really well.
Whew! long post, I'm done.
Gus