I'm a fairly small guy so I'm used to clothes being too big on me. These are the exception. They are shorter, less baggy, and more of a slim fit than most board shorts. The hem is a few inches above the knee. I find that the waist is true to size. I wear 28" waist in my pants and the 28" Volcom shorts fit perfectly.
The color I ordered is called red but it's really more of a traffic cone red-orange. It's very bright (which I like!). The trim is a dark blue so they don't really match my black rashies but that's definitely not a deal-breaker.