The story
Etymology from Wiktionary, CC BY-SA 4.0.
Today it means: A type of sport sail yachting event where two sailboats race against one-another, head-to-head, on the same course, at the same time. (The America's Cup, the most famous sport yachting event, is of this type.) Full definition →
Etymology from Wiktionary, CC BY-SA 4.0.