We consider an infinite plate being withdrawn from an infinite pool of viscous liquid. Assuming that the effects of inertia and surface tension are weak, Derjaguin (1943) conjectured that the 'load', i.e. the thickness of the liquid film clinging to the plate, is determined by a certain formula involving the liquid's density and viscosity, the plate's velocity and inclination angle, and the acceleration due to gravity.
In the present work, Deryagin's formula is derived from the Stokes equations in the limit of small slope of the plate (without this assumption, the formula is invalid). It is shown that the problem has infinitely many steady solutions, all of which are stable - but only one of these corresponds to Derjaguin’s formula. This particular steady solution can only be singled out by matching it to a self-similar solution describing the non-steady part of the film between the pool and the film’s 'tip'. Even though the near-pool region where the steady state has been established expands with time, the upper, non-steady part of the film (with its thickness decreasing towards the tip) expands faster and, thus, occupies a larger portion of the plate. As a result, the mean thickness of the film is 1.5 times smaller than the load.
The results obtained are extended to order-one inclinantion angles and the case where surface tension is present.