About halfway around the Bridle Trail Loop, at the eastern extreme of the walk, is a small flat clearing. Surrounded by snow gums there is a view across the valley over the Thredbo River to the Alpine Way. In this sheltered spot, you will find a few tree endowed with Old Mans Beard (Usnea australis), a lichen. Like other lichens, this is actually a fungus and an alga living symbiotically. After rain, you can hear a small waterfall not too far away.