It is actually the music from Cascade Kingdom. I took a look at the sheet music for the song so the notes are all at the right place, but yeah I can imagine the gameboy beeps might be ear piercing after a while :p All areas are reachable, you gotta use the hat to reach some of them!
Ok, but Waterfall it's synonymous of Cascade. At least improve the music of the NES version, I was referring to inaccessible because it was so complicated that it uses Cappy to reach far areas.
The gamejam is over now so I'm afraid I'm not allowed to make any more changes to the game. Those cappy moves might be hard yeah, but I wanted the game to be challenging!