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Re:The Flying Phantom: $40k sailboat levitates two feet abov... by etaque on Monday March 10, 2014 @05:29AM (#7371990)
There is a probe dragging in water at the front of the boat: http://www.sailmagazine.com/learning-fly-0

When the boat is too high, the probe goes out of water and automatically adjust the foil angle to lower the boat.

Re:The Flying Phantom: $40k sailboat levitates two feet abov... by eyeareque on Monday March 10, 2014 @05:29PM (#7375812)
Ingenious. thanks for the link.