While traveling at approx 75% throttle the rpms went wide open and the boat speed dropped to zero. I cut the power to the outboard and attempted to get it moving forward again. As I applied the throttle slowly, the engine provided normal thrust but as I encreased power the motor again lost speed and rpms encreased. Something seems to be slipping as engine power is encreased. The manual shows a direct pinion drive in the foot so it must be the prop causing the problem. Any suggestions or imput to help.