Scripture

Luke 8:24  -  And they came to Him and awoke Him, saying, "Master, Master, we are perishing!"  Then He arose and rebuked the wind and the raging of the water.  And they ceased, and there was a calm.   

Observation

And - then
they - the disciples
came to 
Him -Jesus
and 
awoke - it doesn't say the method they used, maybe shaking?  I don't know, but they were probably shouting the the following statements ...
Him, - Jesus
saying, 
"Master, 

• a person with the ability or power to use, control, or dispose of something
• owner of a slave, animal, etc.
• employer of workers or servants
• male head of household
• a person eminently skilled in something as an occupation, art, science
• a person whose teachings others accept or follow
• a worker qualified to teach apprentices and carry on a trade independently
• the Master, Jesus Christ (actual definition found in the dictionary)

Master, - they repeated this name, not Jesus, but Master...
we - disciples and Jesus, everyone on the boat
are 
perishing!"

• causing destruction, ruin, extreme discomfort or death
• to die or be destroyed through violence, privation, etc.
• to pass away or disappear
• to suffer destruction or ruin
• to suffer spiritual death

Then - next
He - Jesus
arose 

• got up from lying, sitting, kneeling
• awakened
• move upward; mount; ascend

and - next
rebuked - expressed sharp, tern disapproval of; reprove; reprimand

the 
wind 

• air in natural motion
• gale, storm, hurricane
• any stream of air as that produced by a bellows or fan
• air that is blown or forced to produce a musical sound in singing or playing an instrument

and - also, in addition
the 
raging 

• angry fury; violent anger
• fit of violent anger
• fury or violence of wind, waves, fire, diseases, etc.
• violent desire or passion

of 
the 
water.  - lake water
And 
they - the wind and waves
ceased, 

• stop, discontinue
• come to an end
• pass away, die out
• put a stop or end to

and - then
there 
was 
a 
calm.  

• without rough motion; still or nearly still
•  not windy or stormy
• free from excitement or passion; tranquil
• freedom for motion or disturbance
• wind speed of less than 1 mile per hour
• freedom from agitation, excitement, or passion; tranquility; serenity

They went to Him, Jesus.
They called Him "Master" - twice!
They believed they were perishing - being destroyed
The wind was powerful.
The waves were raging.
Jesus got up when came to Him panicked.
Jesus rebuked - sternly reprimanded/commanded - the wind
The wind stopped.
The waves stopped crashing.
The surroundings were tranquil.

Application

Remember where to go when in need.
Remember where to go when panicked.
Remember, when in the storm, I am not alone.
Remember His name is also Master - He is qualified to work in any of my situations.
 

Prayer 

Jesus, sometimes I forget I am not alone.  Sometimes I forget to call Your name in the middle of a storm.  Sometimes I get caught up in the crashing waves or the sound of the winds overwhelm me and forget that I can still listen to the Voice whom brings calm.  You are with me in storms and in times of tranquility.  I am not alone.  Forgive me for my short-term memory.  Thank You for loving me.