watershed (Noun) — A ridge of land that separates two adjacent river systems.
watershed (Noun) — The entire geographical area drained by a river and its tributaries; an area characterized by all runoff being conveyed to the same outlet. ex. "flood control in the Missouri watershed"
watershed (Noun) — An event marking a unique or important historical change of course or one on which important developments depend. ex. "the agreement was a watershed in the history of both nations"