A towable underwater craft includes a main body contoured to support the rider in the prone position, a contoured leading edge, left and right arm guards, left and right independently actuated hydrofoils and a tow rope. The majority of the craft is constructed from a foam core and a fiber-reinforced polymer exterior to provide the required buoyancy and strength. The tow rope is attached at one end to a powered water craft and to the craft at the opposite end. The pitch of the left and right hydrofoils are controlled independently by the rider. This actuation controls both the depth and roll of the craft enabling the rider to fully control the craft below the surface of the water while being towed.