There has been a lot of good advice given already. Let me get in my 2 cents worth.
You said nothing about the age of the boat. Everyone here has been talking about slab/jiffy reefing. If it is an older boat, say from the 60's or 70's, it might have roller reefing. With roller reefing, the sail is wound around the boom like a window shade (remember those?) to reduce the area. If your sail does not have the reef cringles and
line of reef points, then check if there is a way to rotate the boom. If you find you have roller reefing, then look into converting to slab reefing. I resisted for two boats and 20 years but when I did convert I was completely sold on slab reefing.
The row of small
lines (called reef points) are not meant to take any stress, but simply to gather up the excess sail and keep it under control. All the stress is taken by the luff cringle (the hole in the sail that is brought down to the boom in reefing) and the reefing
line in the leach which brings the new clew down to the boom. After those are set up and the sail rehoisted you can roll up the excess sail and tie it up with the reef points. If you have
lazy jacks you don't even need to do this. Essentially a reefed main is a "loose footed" sail.
Two things already mentioned that I would like to emphasize. One is that you are lowering the main when reefing - make sure the topping lift is ready to hold up the boom! Second, remember you are reefing the sail because the wind is blowing too hard. This means the loads on the sail and everything associated will be high. There will be a lot of flogging of the sail and bouncing of the boom until you get the clew tightened down. And probably the sea state will make things doubly difficult. Practice in light air so you can do it smoothly when you really need to.
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Later add on. I just reread the original post and he mentioned having reef points in the sail, so my comments about roller reefing are off the mark. Let me go through the drill that I use. I have a hefty hook at the gooseneck and a
winch on the boom (this is a 39 ft. ketch). I also have
lazy jacks. I come up close to the wind, then the main sheet is released allowing the main to luff (the boat can keep sailing using the
jib and mizzen). Ease the main halyard until the luff cringle can be hooked into the big hooks. Retighten the halyard. Bring in the reefing
line until the clew cringle comes down to the boom. Use the
winch as necessary (the reefing
lines are half inch dacron, they take a lot of stress).
Cleat off the reefing
line. Retrim the main sheet and sail on! Very simple and I have done it in less than two minutes in some pretty lousy conditions. Only problem is that because of the location of the halyard
winch and reefing
winch, it is much easier on the starboard tack.