I'm glad you made it safe, opting for that move was the right thing to do since I saw you kitelooping and tea-bagging downwind.
Something similar happened to me during a downwinder, I crashed the kite on a cutback and then it started to kiteloop with no apparent reason, between one dip and the following one I was thinking: "WTF is going on here?!"
Luckily I realized that the center line was wrapped on one side of the bar keeping the kite steered and full powered, I somewhat managed to unwrap it and regain control of the kite but those freaking seconds drinking lake water were not fun and I was about to release the whole thing.
As IVO said, a pair of lungs with no water are priceless!!!
By the way, I have to say that you scared the crap out of me for few very long seconds: when I first noticed that you were in trouble I was heading downwind to help but then it seemed you got the kite stable on the water while swimming back to shore, I thought that you were fine and thus went back to ride. After one tack I took a look again and I saw your kite far downwind and slowly drifting with no Peter sticking out of the water!
Man, I headed downwind like crazy with a very ugly feeling but when I got closer I finally saw you on the beach...
Then, with that relief, rescuing your kite was fun compared to what I was expecting to find...
I'm really happy that everything went fine, now it's beer time!
Bob, Mike, IVO, thanks for your kind words, I appreciate that.
I hope to see everyone on the water soon!