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Planing is the mode of operation for a waterborne craft in which its weight is predominantly supported by hydrodynamic lift, rather than hydrostatic lift (buoyancy).
Planing a sailing dinghy was first popularised by Uffa Fox in Britain. In 1928 Uffa Fox introduced planing to the racing world in his International 14 dinghy, the Avenger. It had been designed with a hull shape which permitted planing. He gained 52 first places, two seconds and three third places out of 57 race starts that year. 
This performance was noticed by other designers who took on his ideas and developed them. Over the years many dinghies have acquired the ability to plane. Advances in building materials have allowed for lighter boats which will plane faster and in lighter air. There are now many high-performance dinghies (sometimes called skiffs) which will plane to windward.
How planing works
When it is at rest, a vessel's weight is borne entirely by the buoyant force. At low speeds every hull acts as a displacement hull, meaning that the buoyant force is mainly responsible for supporting the craft. As speed increases, hydrodynamic lift increases as well. In contrast, the buoyant force decreases as the hull lifts out of the water, decreasing the displaced volume. At some speed, lift becomes the predominant upward force on the hull and the vessel is planing.
A simple model of this effect is a solid slab of material which is heavier than water (like a steel plate) but is shaped and oriented to have a positive angle of attack. At rest, the slab will sink because it is heavier than water; the buoyant forces are overwhelmed by the force of gravity. However, if the slab is kept in the same orientation and pulled horizontally through the water, it will force the incoming water downward. This results in a reactionary force upward on the slab. At a high enough speed, this reactionary force (plus any small buoyant force) are larger than the force of gravity and the slab will stay afloat. In this way, the horizontal force (which may be supplied by a motor or a sail) is converted into a vertical force upwards. This is highly analogous to an airplane wing in the air and, as for airplanes, there are many complications to this simplified explanation of planing in boats. See lift on an airfoil.
Although any hull will plane if enough power is provided and enough speed is attained, a hull designed for operation in the planing realm is sometimes distinguished by a flat run aft. In other words, in side view, the bottom is more or less a straight line towards the stern. (Exceptions to this include surfboards and other recreational planing hulls, which utilize rocker throughout for enhanced maneuverability when banking through turns.) In contrast, in a displacement, or non-planing hull, the bottom is curved in side view (the curvature is called "rocker") all the way from bow to stern, in order to minimize wave drag. In front view, the sections in the aft area may be straight, as in a racing hydroplane, to maximize planing forces and speed, but for practical reasons of stability and comfortable ride are often V-shaped, especially in boats intended for offshore use.
To plane, the power-to-weight ratio must be high, since the planing mode of operation is quite inefficient; sailing boats need a good sail area and powerboats need a high-power engine. Most surfboards are planing or semi-planing hulls that utilize the push of the waveform more or less in combination with gravity to achieve planing lift.
Techniques used to promote planing in a sailing boat
- Sail on a reach or broad reach to begin
- Raise the centreboard or daggerboard about half way
- When a gust hits, bear away slightly and ease the sheets
- Keep the hull level side-to-side, trapeze if necessary
- Move your weight aft to lift the bow
- Flick or pump the sails (although there are some restrictions on doing this in a race)
- If there are waves, surf down them to initiate planing
- As the gust begins to pass, steer slightly to windward to keep the apparent wind forward.
- Information on boat design
- Some videos of planing sailboards
- Seminal 1958 NACA technical report on hydroplaning
- "In the UK, the well-known designer Uffa Fox ... researched and developed planing...It is from his trend-setting design that most of today's high-performance sailing dinghies have evolved. Boats have also become lighter through the low weights achieved by today's hi-tech building materials. They are therefore able to plane much faster in much less wind, and many are capable or planing to windward." The Sailing Handbook By Dave Cox Stackpole Books, 2000
- The Complete Sailing Manual, Third Edition Steve Sleight page 126 http://books.google.com/books?id=s5uNcHo1PkQC&pg=PA181&lpg=PA181&dq=%22planing+to+windward%22&source=bl&ots=w8Pc6p_WVA&sig=R-KEFqbTI36BxVEKjock5tWLNas&hl=en&sa=X&ei=Z14YVKOEI4WlyAS6-YDgAQ&ved=0CCcQ6AEwAg#v=snippet&q=%22planing%22&f=false