The planes tow a 30 foot long crape paper streamer at the end of a 5-10 foot long leader string that is tied to the aircraft's tail. The object is to cut your opponents streamers!
There is all you could ever want to know about the sport here:
http://www.rccombat.com/rcca.asp
Check out some of these photos!
http://www.rccombat.com/forum/topic....brief%2E%2E%2E
And there is also a combat topic right here on RCU:
http://www.rcuniverse.com/forumdispl...?s=&forumid=74
And if you want to see it in action...check out this video!
http://www.spssalesinc.com/spaddawgs_videopage.htm