The Plateau–Rayleigh instability, often just called the Rayleigh instability, explains why and how a falling stream of fluid breaks up into smaller packets with the same volume but less surface area. It is related to the Rayleigh–Taylor instability and is part of a greater branch of fluid dynamics concerned with fluid thread breakup. This fluid instability is exploited in the design of a particular type of ink jet technology whereby a jet of liquid is perturbed into a steady stream of droplets.

The driving force of the Plateau–Rayleigh instability is that liquids, by virtue of their surface tensions, tend to minimize their surface area. A considerable amount of work has been done recently on the final pinching profile by attacking it with self-similar solutions.