Only the thicker outline is visible - enough to see the distinctive F and Y. Any help identifying is greatly appreciated.

Laser  Suggested by Heron2001 

If this is painted onto a boat - the sign painter may have used Laser from Letraset as a guide - stretched the whole thing out and then came up with a modified 'y'

It's actually computer blade-cut vinyl. So the font should be a standard computer font (ttf, otf, etc.). The font should be at least 6 or more years old based on the appearance of the vinyl. The actual font color was gold leaf - but it totally faded off. Only thing left is the thicker outline/drop shadow. Thanks for responding. It's not 'Laser' - the y is very different. :-)