A realistic looking waterfowl decoy has repositionable head and body portions to enable members of a group of decoys to be placed in a variety of positions to mimic a resting flock of real birds, for example, geese. At least portions of the bodies, as well as the necks and heads, of the decoys can have faux feathers adhered to their surfaces to more accurately simulate real waterfowl. A preferred embodiment of the decoy assembly has oblate spheroid end portions formed on attachment portions of both the legs and a keel member which allow the decoy assembly to be alternatively adapted for use both on land and in the water.