"Airshows?" Well, it depends. Speaking strictly as a small boy guy (Cruisers, frigates, destroyers), it depends on what mission is going on, what else is going on (do you need to recover quickly), how bored you are, how much of an idiot you are, and to a small extent, how cool the captain is.
There were times when the mission was as complete as it was going to get and being back at the boat a bit early or they're not quite ready for you to recover. Also, there's times when you're doing stuff right next to the boat, so it's not like you have to transit. As for being an idiot, there's cases of people outflying the aircraft and impacting things (ship, water, etc). Functional check flights are another type of flight where I would usually have time to fool around behind the boat. It's daytime, and you don't have an exact time that you know you're going to be done w/ the maintance checks, so it's a pretty short notice for the ship to recover you. You usually wait a few minutes for it to come around to give good winds. Plus the maintainers will be out on the flight deck, so they appreciate the show at times.
Okay, quick sea story that I don't remember if I've shared here. Was doing a FCF on cruise, and we finished up. Not much going on w/ the ship, mission-wise, so a lot of the smokers were out on the port side puffing away. As I'm doing pitch backs over the flight deck, my AW makes a comment about the state of the moon that morning. I tell him he's got 30 seconds to get into position while I'm turning back around. Just as long as he has his gunner's belt on. I've never seen someone get out of their vest and strip down a flight suit that fast. As we're coming around, there's a line of maintainers down on the flight deck, along w/ a H2P (and no OIC to be found, so I continue...who am I kidding, I probably would have done this even if he was out there). As we come by at about 100 feet, the AW presents butt to the onlookers. Now, I'm coming up the port side, and it's about this time I notice the Master Chief of the ship is out smoking. It's not that I worry about me getting into trouble, but he could make life difficult for the AW, so I wrap up the turn to get out of sight. Apparently it was too abrupt a turn, as the AW went flying across the cabin into a seat (away from the door). Pretty funny...at least if you were there.