A little research on Google shows that this appears to be a riddle in a Zelda game. (Wind Waker? Wind Walker?)
Tryagain's answer (Schooner) should be the correct answer.
I also saw this little tidbit:
Quote:I believe you are at the part of the game right after you get your second pearl, and you return to Windfall to find the pirates. If I am correct, then you must find a secret way into the Bomb Shop, where the pirates are. If you find it and hide inside, then you'll overhear the password to the inside of the pirate ship.