When it comes to the aerodynamic properties of depilation, Burrows recommends a Mohican for your legs.
"If you've got a little bit of hair on your legs it will turbulate [sic] the air so you get a better flow. Now this in itself creates friction, so you don't want all your leg hairy you just want two thin strips, each about 10mm wide, just before the sides of your legs – though you will look really stupid.
You need the turbulent boundary layer – provided by these strips of hair - to get the air around the corner, and you need a smooth layer for it to flow over. But the leg is such a rubbish shape that ideally you want an aerofoil on the back of it."