hi bay cruiser.
this is a duckbill self drain. it screws into your drain bung hole & replaces your standard bung. these work very well but replace with standard bungs if left moored for more than a day or so. it works on pressure differential between the bilge water & the lake water so the quicker you go the more bilge water is expelled. it is basically a one way valve.
its a kind of auto bilge. all skis take on some water , especially when wave jumping,tricks ,spins etc. when duckbill drain is used the water exits the hull as u ride.