Jibing from port tack to starboard tack. Wind shown in red. ① Broad reaching on port tack. "Prepare to jibe!" ② Bearing away, or turning downwind, and hauling in the sail(s) to begin the jibing maneuver. "Bearing away!" ③ Heading downwind, the wind catches the other side of the sail and it jibes, then is quickly let out to its new position. "Jibe-ho!" ④ Steadying up on the new tack. ⑤ Broad reaching on starboard tack.

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Source: Jibing - Jibe - Wikipedia