The rise of synthetic media has blurred the boundary between reality and fabrication under the evolving power of artificial intelligence, fueling an infodemic that erodes public trust in cyberspace. For digital imagery, a multitude of editing applications further complicates the forensic analysis, including semantic edits that alter content, photometric adjustments that recalibrate colour characteristics, and geometric projections that reshape viewpoints. Collectively, these transformations manipulate and control perceptual interpretation of digital imagery. This susceptibility calls for forensic enquiry into reconstructing the chain of events, thereby revealing deeper evidential insight into the presence or absence of criminal intent. This study seeks to address an inverse problem of tracing the underlying generation chain that gives rise to the observed synthetic media. A tell-tale watermarking system is developed for explanatory reasoning over the nature and extent of transformations across the lifecycle of synthetic media. Tell-tale watermarks are tailored to different classes of transformations, responding in a manner that is neither strictly robust nor fragile but instead interpretable. These watermarks function as reference clues that evolve under the same transformation dynamics as the carrier media, leaving interpretable traces when subjected to transformations. Explanatory reasoning is then performed to infer the most plausible account across the combinatorial parameter space of composite transformations. Experimental evaluations demonstrate the validity of tell-tale watermarking with respect to fidelity, synchronicity and traceability.