I thought about the spin, but I really like hooters (sorry, I had to say it). You can sail upwind until about 8-10 mph and downwind like a spinnaker. They furl, so with a quick yank of a line, they are gone. No expensive snuffer and no stuffing into a bag.

Rick has a section on this site dedicated to them: Rick's Hooter store

Also, check out:
Hooter info

You will not be class legal, but I think it is the way to go.