Theory of the collapsing axisymmetric cavity
  We investigate the collapse of an axisymmetric cavity or bubble inside a fluid of small viscosity, like water. Any effects of the gas inside the cavity as well as of the fluid viscosity are neglected. Using a slender-body description, we show that the minimum radius of the cavity scales like $h_0 \propto t'^{\alpha}$, where $t'$ is the time from collapse. The exponent $\alpha$ very slowly approaches a universal value according to $\alpha=1/2 + 1/(4\sqrt{-\ln(t')})$. Thus, as observed in a number of recent experiments, the scaling can easily be interpreted as evidence of a single non-trivial scaling exponent. Our predictions are confirmed by numerical simulations. 
J. Eggers, M.A. Fontelos, D. Leppinen, J.H. Snoeijer