Old English wæccan "keep watch, be awake," from Proto-Germanic *wakjan, from PIE root *weg- "to be strong, be lively." Essentially the same word as Old English wacian "be or remain awake" (see wake (v.)); perhaps a Northumbrian form of it. Meaning "be vigilant" is from c. 1200. That of "to guard (someone or some place), stand guard" is late 14c. Sense of "to observe, keep under observance" is mid-15c. Related: Watched; watching.
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Definitions of watcher from WordNet
a close observer; someone who looks at something (such as an exhibition of some kind);