Not to say what most of the old-timers do, but I thought I'd go ahead and say it first. Do a search for "waterfall" and you'll find all kinds of threads covering this issue. They range from coolant leak to blown head gasket, but all of them have to do with as the previous posters put it, air in the heater system. Since it's the highest point, it's the hardest to get purged. The search will yield all sorts of causes that could be the culprit as well as many solutions.
I've got the same thing, but I just ignore it for the moment as I know that I have a small amount of air in the system but I'm not losing any coolant. It'a annoying, but I won't have to deal with it for too much longer.
Good luck.