Yep. Exactly as Slowey says! With all the embellishments and many more!

My tips to add to that:
1. Sheet in (oversheet) and stand up smoothly as you bear away as if to gybe.
2. Keep the knees well bent to absorb the chop as well as possible without allowing the board to bounce (crouch)
3.When you have shed some speed, (look over your shoulder) sheet out and turn towards the bank.
4. If it is really hairy and fast, allow time for speed to bleed off.
5. If you think that is hard, try it on a speed tandem at 35 + knots!!!!