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Leonardo DiCaprio has a blast with jet pack

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Leonardo DiCaprio is having a blast on vacation!

Leo stood tall as he rocketed out of the waters off Ibiza this week during his fun-filled Mediterranean holiday.

He took a few shots out of the sea aboard his Flyboard, a James Bond-style gadget that propels users straight up about 30 feet in the air.

The 38-year-old actor wisely wore a helmet and protective padding for his splash landings.

The Flyboard has been on the market for almost two years and costs a cool $6,000.

The water-blasting toy can be rented for about $500 an hour.

DiCaprio “tried the device for a half an hour before calling it quits,” a source close told E! News.

A rep for the Flyboard makers insisted the $6,000 price tag or $500-an-hour rental is well worth it.

“If you want to fly, it’ll cost you a lot more than $6,000,” the company spokesman said.

After his water fun, DiCaprio hopped back onto a yacht with gorgeous German gal pal Toni Garrn.

DiCaprio and the 21-year-old model have been living it up this week on the Spanish island.