Recently I was caught in a blow on the chesapeake bay this is what happenedWe were about 2 miles from the entrance to York River yacht haven. The sky was looking really nasty and then all of a sudden we saw two water spouts about 50 ft tall, a couple hundred yards to starboard. Then before you knew it, the wind kicked up a few notches and the rain poured down and it became almost as dark as night. I told the women to stay below decks and to break out the life jackets. This caused a small panic with them since my wife had never heard me ask for them to be broke out before. After some argument with the women about being locked below we finally got the hatch boards put in to prevent a wave from coming into the cockpit and flooding the cabin. It was raining so hard at times I couldn't see the bow of the boat. Most of the time I could only see maybe 10 ft out either side of the cockpit to tell which way the wind was blowing the water off the top of the waves. We where close to shallow water and a red channel marker so I didn't want to head in that direction. So I knew that I did not want the boat to travel for fear of running aground or worse, hitting the channel marker. So I did my best to keep the bow into the wind giving the engine just enough juice to keep it headed upwind and trying not to move. I kept a close eye on the GPS, compass and the depth sounder to monitor direction. At some point I could feel the rig pulsing, I leaned out and could see the jib trying to unfurl. I yelled for Charlie, my friend who had never sailed before this trip, to get the jib, and he pulled the furling line in to its limit then cleated down the furling line and both jib sheets. The wind changed directions several times blowing us sideways and heeling us enough to put the rails in the water. I would just gun the engine and give full rudder to try to get her aimed back into the wind. One time I just couldn't get her around and we where heeling really badly so I just turned down wind and we flew. Once I built up some speed I spun her around again into the wind. I spent about 40 minutes (or was it 40 hours) doing this and we stayed within a 1/4 mile square. Fortunately we where up the York river far enough and it came on so fast that the seas didn't get too bad, only about 2 foot at the most. The winds were upwards close to 70 MPH, this was a guess by another sailor that was stuck out a little farther than me. He said the one time he looked at his wind meter he saw 58 MPH and he knows he had gust well above that. Then, as suddenly as it started, the sky broke, and I could see the York River Bridge, so we headed for the channel. We still had about 20+ knots of wind, but visibility was pretty good and we headed down the channel with the wind at our back. Fortunately they put us at the second T-head since they knew it would be difficult getting us in. We came in pretty hot, I had full reverse on for 2 or 3 boat lengths and we where still going forward when we came along side the pier. The dock hand stopped us with the dock lines and we tied up. Shaking partly from being cold and partly from adrenaline, I let out a sigh of relief and promptly sucked down a couple stiff drinks.The question is what have you done, or what would you do? I have been asked if i considered dropping anchor, would this be a good idea?