In this review article we present the calculation of the splitting rate in flat space of a macroscopic fundamental string either intersecting at a generic angle a Dp-brane or lying on it. The result is then applied, in the context of the string/gauge theory correspondence, to the study of exclusive decay rates of large spin mesons into mesons. As examples, we discuss the cases of N = 4 SYM with a small number of flavors, and of QCD-like theories in the quenched approximation. In the latter context, explicit analytic formulas are given for decay rates of mesons formed either by heavy quarks or by massless quarks.