D300S, 80-400mm f/4.5-5.6 + 1.4x tc, handheld
1/4000 sec at f/8, ISO 800
Snowy Egret with minnow captured while foot-dragging, Merritt Island NWR (TX), 2015
The actual function of the foot-dragging is unclear, based upon the literature I have been able to access. Suggested functions include startling prey, slowing forward momentum, and steering or stabilization effects. One of the interesting ideas about why the birds engage in this energy consuming behavior is that, in areas where numerous alligators are present, it may be less hazardous than feeding while wading or perched near the water (Davis and Jackson, 2000).
References
Kushlan, J. A. 1972. Aerial feeding in the Snowy Egret. Wilson Bulletin 84:199-200.
Kushlan, J. A. 1976. Feeding behavior of North American Herons. Auk 93:86-94.
Davis, W.E. and Jackson, J.A. 2000. Aerial foraging by Tricolored Herons, Snowy, and Great Egrets. Florida Field Naturalist 28(4):192-194.