A versatile watercraft of the present invention comprises a base wing, a C-wing, and preferably a plurality of vertical stabilization knives. The base wing extends horizontally from the right side of the watercraft to the left side of the watercraft, and longitudinally, for at least a third of the length of the watercraft. The C-wing, extends above the base wing. The C-wing is comprised of at least two essentially vertical walls and an essentially horizontal top. The watercraft also comprises at least one propulsion device. In the preferred embodiments, a plurality of vertical stabilization knives extends vertically below the base wing and extends longitudinally for at least a third of the length of the watercraft.