diff --git a/src/utilities/watch.js b/src/utilities/watch.js
index 1ad48ff..6618cc9 100644
--- a/src/utilities/watch.js
+++ b/src/utilities/watch.js
@@ -22,6 +22,10 @@ export function watch(get_value, callback, options = null) {
         }
 
         if (initialized || (options?.immediate ?? true)) {
+            // Keep a single pending callback: it reports the latest value anyway,
+            // and the disposer cancels only the timer it knows about.
+            clearTimeout(timer_id);
+
             // Prevent the watcher from detecting its own dependencies.
             timer_id = setTimeout(() => {
                 callback(new_value, old_value);
diff --git a/tests/utilities/watch.test.js b/tests/utilities/watch.test.js
new file mode 100644
index 0000000..3e29a58
--- /dev/null
+++ b/tests/utilities/watch.test.js
@@ -0,0 +1,70 @@
+import { describe, expect, test } from "vitest";
+import { watch } from "@/utilities/watch";
+import Alpine from "alpinejs";
+
+// watch takes Alpine from the global scope
+globalThis.Alpine = Alpine;
+
+// Lets Alpine run the scheduled effects, but not the timers the watcher sets
+const flush_effects = () => new Promise(queueMicrotask);
+
+// Lets the timers set so far fire; the effects must be flushed first,
+// otherwise the timers they set would fire after this one
+const flush_timers = () => new Promise(resolve => setTimeout(resolve));
+
+describe("watch", () => {
+    test("reports changes made before the callback once", async () => {
+        const data = Alpine.reactive({ value: 0 });
+        const tracing = [];
+
+        watch(
+            () => data.value,
+            (value, old_value) => tracing.push([value, old_value]),
+            { immediate: false });
+
+        data.value = 1;
+        await flush_effects();
+
+        data.value = 2;
+        await flush_effects();
+        await flush_timers();
+
+        expect(tracing).toEqual([[2, 0]]);
+    });
+
+    test("immediate: reports a change made before the first callback once", async () => {
+        const data = Alpine.reactive({ value: 0 });
+        const tracing = [];
+
+        watch(
+            () => data.value,
+            (value, old_value) => tracing.push([value, old_value]));
+
+        data.value = 1;
+        await flush_effects();
+        await flush_timers();
+
+        expect(tracing).toEqual([[1, 0]]);
+    });
+
+    test("no callback after disposal", async () => {
+        const data = Alpine.reactive({ value: 0 });
+        const tracing = [];
+
+        const dispose = watch(
+            () => data.value,
+            (value, old_value) => tracing.push([value, old_value]),
+            { immediate: false });
+
+        data.value = 1;
+        await flush_effects();
+
+        data.value = 2;
+        await flush_effects();
+
+        dispose();
+        await flush_timers();
+
+        expect(tracing).toEqual([]);
+    });
+});
diff --git a/vitest.config.js b/vitest.config.js
index 6a9c657..ead4bc1 100644
--- a/vitest.config.js
+++ b/vitest.config.js
@@ -8,6 +8,9 @@ import {
 } from "url";
 
 export default defineConfig({
+    define: {
+        __DEV__: true
+    },
     test: {
         globals: true,
         environment: "jsdom",