video in Russian, but u can see the cool machines in action
http://www.youtube.com/watch?v=JE0H-NFupqY
Ekranoplan
During the Cold War, ekranoplans were sighted for years on the Caspian Sea as huge, fast-moving objects. The name Caspian Sea Monster was given by US intelligence operatives who had spotted the huge vehicle, which looked like an airplane with the outer halves of the wings removed. After the end of the Cold War, the "monster" was revealed to be one of several Soviet military designs meant to fly only a few meters above water, saving energy and staying below enemy radar.
The ekranoplan has a lifting power of 1,000 tonnes, among the largest ever achieved. The KM, as the Caspian Sea Monster was known in the top secret Soviet military development program, was over 100 m long (330 ft), weighed 540 tonnes fully loaded, and could travel over 400 km/h (250 mi/h), mere meters above the surface of the water. Another model was the Lun-class, entering service with the Black Sea Fleet in 1987.
The important design principle is that wing lift is reduced as operating altitude of the ekranoplan is increased (see ground effect). Thus it is dynamically stable in the vertical dimension. Once moving at speed, the ekranoplan was no longer in contact with the water, and could move over ice, snow, or level land with equal ease, though flight over land would have involved extreme risks unless the surface were very dependably flat.
http://en.wikipedia.org/wiki/Ekranoplan