We prove the sharp local L^1 - L^\infty smoothing estimate for the
logarithmic fast diffusion equation, or equivalently, for the Ricci flow on
surfaces. Our estimate almost instantly implies an improvement of the known L^p
- L^\infty estimate for p larger than 1. It also has several applications in
geometry, providing the missing step in order to pose the Ricci flow with rough
initial data in the noncompact case, for example starting with a general
noncompact Alexandrov surface, and giving the sharp asymptotics for the
contracting cusp Ricci flow, as we show elsewhere.