There are several suggested hikes on the main trail leaving from the visitors center. The longest, a loop, is about 2 miles. It is the only one that leaves the boardwalk. It has some elevation gain. The others areally flat, with a boardwalk taking you to trees with signs explaining their significance. There is a lot of information posted around to inform curious minds, as well as some guided tours and programs from children. There are several other trails leaving or passing through this area, for those looking for a longer hike.

This HIKERS ONLY loop trail is about 8 miles, with a 700 ft elevation gain. People often only hike the Little Wild Horse part, which is a 3.3 mile one way section of the trail. It's a relatively easy trail, for all ages. The LIttle Wild Horse trail is a slot canyon set in the red rock sandstone of Southern Utah and winds its way through the San Rafael Swell. Its twisty and turny and beautiful. The Bell canyon section is actually the easier trail, but not nearly as interesting. Crowds and rain can be a problem, so be respectful and watch the weather. Rain and snow runoff are very dangerous in slot canyons. 

Be aware that during the wet season water can pool, so be prepared to maybe get a little wet. 

Terraced Falls is a hidden gem in Yellowstone's remote Cascade Corner — the wild, waterfall-rich southwest region of the park — where the Fall River plunges more than 150 feet through a dramatic series of six rocky “terraces” into a deep canyon. Far from the crowded boardwalks of the park's interior, this quiet trail rewards hikers with one spectacular cascade after another in a peaceful forest setting.

The hike is a delight, and surprisingly easy for the scenery it delivers: about 4 miles round trip, following beautiful Cascade Creek and then the Fall River as they tumble through a string of frothy waterfalls (none huge on their own, but each lovely) on the way to the grand finale at Terraced Falls. The trail ambles gently through the forest, never far from the sound of rushing water.

Getting there is part of the adventure, since Cascade Corner is reached not through the park's main entrances but via Grassy Lake Road from the Flagg Ranch area near the south entrance. Plan to drive roughly 10–11 miles on a gravel national-forest road (most passenger cars can manage it slowly) to the Cascade Canyon trailhead. Note the road may be closed early in the season due to high water, so it's best from summer into fall.

This is true Yellowstone backcountry: carry bear spray and be bear aware, bring plenty of water, stay back from the slippery canyon rims and powerful water, and pack out everything. There are no services out here, so come self-sufficient. For hikers willing to venture to Yellowstone's quiet corner, Terraced Falls offers a string of stunning waterfalls and a kind of solitude that's hard to find anywhere else in the park.