The whole thing is too amazing for words but I'll let the Macedonian International News Agency do their best at explaining it: "Milovan Ubirapa, one of Stevic's friend who witnessed the incident explained that Dragan had decided to go to the beach for a swim after a long night of drinking. As Dragan and his friends approached the beach, he saw a fairly high positioned jumping board utilized earlier in the day by divers. 'Dragan climbed on the jumping board, told me to hold his beer and simply ran to jump. There was no time for me to react or to try to stop him, he just went for it' says Milovan. 'Dragan jumped high and plunged down to the sea, but didn't make as much splash as we thought he would', explained Milovan. The reason could be because Dragan Stevic ended up jumping straight on the shark which was lurking near the beach, probably looking for its next victim. Dragan had nailed it right in the head, killing it instantly. The Egyptian police found the shark washed out on the beach that morning."
UPDATE: Well, I may have jumped the shark on this one. Gawker's Adrian Chen pointed me to this article which claims the above shark picture as its own. I knew this story was too good to be true. Of course, the fact that the picture isn't what it was purported to be doesn't necessarily make the story false.