Who hasn't dreamed of sailing a tall ship on the forever sea, lulled by pink dawns and moonlit roadsteads? In 1989, Mikael Kraft did more than dream. The Swedish entrepreneur built one tall ship and then another and another, recreating with modern technology the many-masted rigs of a century past. One recent evening in Bridgetown, Barbados, a friend and I slid away to the Grenadines on Royal Clipper, flagship of Kraft's Star Clipper fleet and, at 439 feet, the largest true sailing ship in the world. An hour before midnight, 200 or so passengers gathered on the main deck. The strains of Vangelis' "1492 filled the air. All at once, 42 sails unfurled from the rigging and we were slicing into the darkness, canvas blazing like candelabra from five masts.