A short, easy walk around and behind Old Faithful, then up a hill gets you to Observation point. Here, you can look out over some of the geyser basin and watch O.F. erupt. Most of the crowds at Old Faithful make their way up the hill, so this area is usually packed as well.
Fair warning: this is a short, easy walk by Yellowstone standards. So be prepared to spend an hour or so walking, and to gain around 100ft.
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