Often considered the group's signature song, "Waterfalls" was an international hit, topping the charts in many different territories. The song spent seven weeks at No. 1 on the "Billboard" Hot 100, giving the group their second US No. 1. The song was the No. 2 song of the year on the "Billboard" 1995 year-end chart. "Waterfalls" also peaked at No. 1 in New Zealand and Switzerland while reaching the top ten in many other countries. "Waterfalls" received critical acclaim, earning two Grammy nominations at the 38th Annual Grammy Awards in 1996 for Record of the Year and Best Pop Performance by a Duo or Group with Vocal.