In the paper, the mechanism of forming of rhythmic slow-wave fluctuations in craniospinal cavity was investigated. In five young healthy persons, at rest and under voluntary respiration arrest test, the bioimpedansograms of head and lumbosacral part of vertebral column were synchronously registered as these recordings reflect the changes of relationships between blood/CSF volumes in cranial and lumbosacral regions, respectively. The recordings were subjected to frequency and spectral computer analysis (PC Macintosh G-4, Chart 5.2. software). The rapid (pulsatile) as well as slow and counter-directed waves (frequency 6-10 cycles/min) of these processes were revealed in cranial and lumbosacral regions. The data obtained suggest the CSF dynamic concept of origin of the craniosacral rhythm. The pulse and slow-frequency oscillations of the cerebral vessels tone initiate corresponding intracranial pressure waves, and the latter are the motivating forces for to-and-fro CSF shifts in caudal direction. This mechanism is accompanied by tonic contractions of lumbar muscles and sacrum movements, and it is manually perceptible as a craniosacral rhythm.