As a pilot with over 30 years experience I resisted the temptation to "water ski", although I had plenty of opportunities to indulge. Many of my colleagues did indulge. Part of my experience was 10 years ag flying (all aspects) and almost the same period bush flying. When you grow up, after seeing better pilots than ones self get the chop just doing the job, you think better of it.
There are two people in aviation. One is a person who tries to stay out of trouble. The other is a person who looks for trouble. Look for trouble long enough, you'll find it.
The above behavior is a sign of inexperience and or SPS. (small penis syndrome) It is not worth the risk and gives aviators a bad name.