The Chevron officially began its existence on 4 November 1966, when the existing student newspaper at the University of Waterloo, the Coryphaeus, was renamed. It was thought at the time that “Chevron” was a more accessible name for the average student and reflected an interest in the unique culture and identity of UW students, since the name was derived from the double chevron present on the university’s seal. Throughout its original run, the Chevron promoted greater involvement in student organizations, especially the Federation of Students (Feds) and greater participation in and knowledge of politics in general. This came to an end in 1976, when the Federation of Students replaced the Chevron with the current official student newspaper, the Imprint. Most long-time Chevron contributors were outraged by the change, and the quality of campus journalism declined significantly and has not truly recovered since that time.

In 2010, a group of students, operating anonymously, decided to revive the Chevron as an underground newspaper aimed at criticism of the Federation of Students, the Imprint, and the UW administration. This revival was short-lived, with its final issue being published on 28 February 2011.

Currently, the Chevron (now in its third incarnation) operates as an alternative student newspaper and a competitor to the Imprint, printing since September 2013.