The term "falls lot" can have multiple meanings depending on the context it is used in. In some cases, it can refer to an area with frequent waterfalls, while in others, it can describe a location where one experiences a lot of misfortunes. The antonyms for "falls lot" would vary depending on the interpretation of the phrase. For the former meaning, antonyms could include a dry area, desert land, or arid terrain. In contrast, for the latter definition, antonyms could include a lucky spot, a prosperous place, or a fortunate location. The context of the phrase is crucial in identifying its antonyms accurately.