The primary risks include severe thunderstorms capable of producing damaging winds, large hail, and tornadoes, particularly in areas under the Tornado Watch. Boaters and those near the lake should be cautious of rapidly changing weather conditions, including higher winds and waves near thunderstorms. Wave heights of up to 3 feet could pose challenges for smaller vessels. The Tornado Watch and Severe Thunderstorm Watch indicate a heightened risk of hazardous weather, especially during the evening hours.