I recently took the Ph.D. general examination. The topic was turbulent transport processes in the high-wind regime of the marine atmospheric boundary layer. After the exam, my advisor alerted me to a recent study (Adams et al. 2009) that simulated a breaking wave using a two-phase calculation. Without delving into the boring scientific details, such studies hold tremendous promise for improving understanding of the air-sea interface. The practical implications are many, including better forecasts of hurricane intensity. The results (small video, large video) are incredible and left me awestruck.
A Numerical Simulation of a Plunging Breaking Wave