We study the axisymmetric stretching of a thin sheet of viscous fluid driven by a centrifugal body force. Time-dependent simulations show that the sheet radiusR(t) tends to infinity in finite time. As timetapproaches the critical timet*, the sheet becomes partitioned into a very thin central region and a relatively thick rim. A net momentum and mass balance in the rim leads to a prediction for the sheet radius near the singularity that agrees with the numerical simulations. By asymptotically matching the dynamics of the sheet with the rim, we find that the thicknesshin the central region is described by a similarity solution of the second kind, withh∝ (t* −t)αwhere the exponent α satisfies a nonlinear eigenvalue problem. Finally, for non-zero surface tension, we find that the exponent increases rapidly to infinity at a critical value of the rotational Bond numberB= 1/4. ForB> 1/4, surface tension defeats the centrifugal force, causing the sheet to retract rather than to stretch, with the limiting behaviour described by a similarity solution of the first kind.