They were ejected from their fishing boat during a tournament.
The incident was caught on camera - and it is pretty scary.
You can see the two students riding on the lake in Georgia.
They say they were going at least 55-miles-per-hour.
Suddenly a malfunction in the boat's hydraulic steering system sent them flying overboard.
Luckily, they were both wearing life jackets.
Besides a few bumps and bruises, they're both okay.