pores in gelcoat allows water in. Where it sits on boards is more common spot as it usually stays wet longer but it can happen in other spots especially on boats that stay in water for longer periods of time. Once water gets in it begins to cause the blister they will grown until the pop leaving small craters like pimples almost. Became more of an issue after epa mandates in 2003 which went into affect in 2004 changing from vinyl ester resins to polyester resins