I started off by removing the non-skid sheets someone put on the wood.
I got to sanding then thought the old varnish wasn't coming off so easily as I expected. I went to the store and got a paint scraper. It worked out pretty good but I kept slipping and scratched the deck a few times so I was trying to be very careful about it.
There is some nice grain hiding in there somewhere. This was from mostly sanding.
Another area that was scraped then sanded a little more. It was a bright day today so the wood looks lighter than it really is.
Another picture showing the difference between the old varnish and how it looked after getting scrapped off.
I have a lot more work ahead of me.
Even splashing a little bit of water showed up nice. I really like that amber look of the wood. It'll look nice when it's varnished.
UPDATE: 22 Apr 2012
For a while, I've been thinking that from what I've heard about teak finishes, I've been thinking that what I'm scrapping off might be Cetol. I heard Cetol is more of a tinted, almost paint-like finish and that's what I thought this stuff looked like. I wasn't sure since it was old and flaking off.
I found a maintenance book from a previous owner while going through some of the "stuff" I took off Rhapsody. I found an entry saying "Refinish all exterior teak - 3 coats of Sikken CETOL 9/3 - 9/5 1999". So, my assumptions were correct.