That said, I always thought Watch vs Warning was somewhat confusing.
I had to know and check weather nearly every day for my job. Even so, though I knew the difference, I would sometimes catch myself saying "wait, which is worse?"
One could look at it as, "Warning, a storm may be coming." and, "A storm is here, watch it."
The color coding, orange to red, does help visualize the difference. Though not if you're getting the updates on your weather radio. :)