After touring in support of their studio album A Live One, Phish's Fall 1995 tour kicked off in September in California eventually reaching Chicago for their second Halloween show, 24 shows later. After a 10-day break, the tour resumed in Atlanta, beginning a second leg of nearly 30 more shows, including Phish's December 7, 1995 show at the Niagara Falls Convention Center in Niagara Falls, NY. This tour is heralded by many to have been one of their finest.

Niagara Falls is available digitally and as a 3CD set with download card which includes an hour's worth of bonus archival video from the show.