We prove the sharp local L^1-L^infty smoothing estimate for the logarithmic fast diffusion equation, or equivalently, for the Ricci flow on surfaces. Our estimate almost instantly implies an improvement of the known L^p-L^infty estimate for p>1. It also has several applications in geometry, providing the missing step in order to pose the Ricci flow with rough initial data in the noncompact case, for example starting with a general noncompact Alexandrov surface, and giving the sharp asymptotics for the contracting cusp Ricci flow, as we show elsewhere.