Katy Falls is a small natural landmark in the Caney Creek Wilderness of the Ouachita National Forest. This twelve-foot waterfall stands along a spur trail near the junction of the Buckeye Trail and the Caney Creek Trail, placing it within a well-used backcountry trail network. It is also near the mouth of Katy Creek, where the creek flows into Caney Creek. In this forested setting, the falls are notable as a modest but distinctive feature that helps define the character of the surrounding wilderness.