Jet Ski Rage is a cancelled racing game that was in development by Velocity for the Sega 32X add-on. It was apparently going to be something similar to Wave Race 64, but in a first person perspective.
Due to the failure of the 32X early in development, the team shifted the project to the Sega Saturn. They then added some fighting aspects to the game. Sadly, the game was cancelled for unknown reasons. Some screenshots were released to the media though. The images in the gallery below are from CD Consoles magazine issue 7 and Sega Vision issue 25.