Hong Kong’s 2019–20 Water Movement has two distinctive features, expressed in Cantonese as “no main stage” (leaderless) and “no mat-cutting” (do not split). Drawing on original sources and firsthand experience on the ground, this paper reviews the campus standoff of the Chinese University of Hong Kong in November 2019 in relation to the principle and strategy of the leaderless movement. I argue that the imposed emphasis on the principle of “no main stage” has created another type of invisible power, discouraging individuals who possess experience, knowledge, and skills from contributing to the movement. In the name of avoiding “main stage,” the more radical populist voices that do not necessarily represent the majority of protesters became, in effect, the “main stage,” and made uncompromising decisions that would further limit political space. While the Water Movement as a protest movement has temporarily come to an end with the imposition of the National Security Law, as a social movement it is still an unfolding story.