Johnny L.A. has it right: the okha, or “cherry blossom,” (properly the Yokosuka MXY-7) was not a glider, but a rocket-powered human-guided missile, launched from a mother aircraft, the Mitsubishi G4M (“Betty”). It had three solid rockets, and could reach speeds over 400 mph, with a limited range of only about 22 miles. It would have been quite effective, but for the fact that a Betty lumbering along with another aircraft weighing nearly two tons strapped underneath a wing proved an easy target for Allied fighters. http://avia.russian.ee/air/japan/yoko_ohka.html
One okha did manage to hit the battleship USS West Virginia, another damaged the British carrier HMS Indefatigable (both off Okinawa) and yet another sunk a destroyer, the USS Mannert L Abele. Some 750 okhas were produced, but most were not used in action, due to the vulnerability of the mother aircraft.
The Kamakaze were far more than an effective psychological weapon; they packed quite a punch:
October 25-26, 1944: (Leyte Gulf), Japanese Kamakaze aircraft sank one US escort carrier (the St. Lo), and damaged five others (one of which, the Suannee, was sunk shortly after by Japanese submarine I-56).
January 21, 1945: Kamakaze aircraft damaged US carriers Langley and Ticonderoga, and the destroyer Maddox.
February 21, 1945: off Iwo Jima, US escort carrier Bismarck Sea sunk by Kamakaze; another escort carrier damaged, also carrier Saratoga.
March 11, 1945: US carrier Randolph damaged by Kamakaze.
March 19/20, 1945: US carriers Wasp, Enterprise, Essex and Franklin damaged by Kamakaze aircraft.
April 1, 1945: US battleship West Virginia and British carrier HMS Indefatigable damaged by Kamakaze Okha attacks, off Okinawa.
April 12, 1945: US destroyer Mannert L. Abele sunk by Kamakaze Okha.
May 9, 1945: US destroyer escort England heavily damaged by Kamakaze.
May 14, 1945: US carrier Enterprise damaged by Kamakaze.
While we westerners may deplore the seeming desparate waste of personnel and aircraft, it was a low-risk gamble for the Japanese (as a whole, that is…it was about as high-risk as it gets for the pilots!), with possible high returns. An aircraft and pilot (or even a dozen) is a relatively cheap price to pay for the chance of sinking, crippling, or at least damaging an aircraft carrier.