I remember going to a dog park where a little 4-month-old Boxer puppy ran around jumping on everyone. The dog was not heavy enough to knock most of the adults down. However, it left everyone with muddy pants and the dog was big enough to knock over small children. The owner did nothing to stop the jumping puppy. After all, it was just a small pup. Everyone around her was pretty annoyed at the muddy prints the dog was leaving all over their clothes. That is an owner who will have a problem with her dog jumping on people when it gets older.
In order to perfect the proper greeting routine, your dog needs much more practice than that. You can speed up the training process by leaving through the back door and returning through the front door over and over again. When your friends come over, have them do the same. Each time, ask your dog to sit-stay before opening the door. At first his excitement will make it difficult for him to concentrate but after you've repeated this process 10 times, he will calm down and be able to concentrate. Before asking your dog to sit-stay in this distracting and exciting situation, be sure he has a reliable sit-stay in normal, non-stressful situations. And of course you can always just hold the dog in a sit if need be.
For pups that ambush you and bite your rear end while playing outside, hide a toy or two in the backyard and ask them to find the toy. Bad weather can give puppies cabin fever when they don’t have adequate time outside to run off the energy. Mental stimulation can wear them out, too. Show your puppy a favorite toy and then roll it up inside an old towel and knot it to make a puzzle. Encourage the pup to unravel and get the toy. You can even tie the first toy-in-the-towel inside a second one for more of a challenge to relieve boredom.
Why do dogs jump up? A plausible explanation arises from their ways of communicating with each other. A puppy greeting an adult dog often licks the adult’s muzzle -- a polite, deferential behavior. Dogs, of course, descend from wolves, among whom muzzle-licking is how pups get the grownups to regurgitate food for them. Domestic dogs rarely nourish puppies this way, but muzzle-licking has survived, maybe because deferential behaviors are handy for a social animal. Think of humans saying “No, after you.” Muzzle-licking is also an appeasement behavior -- something you trot out to de-escalate a fight. A human might lift up his hands, palms toward the person he’s arguing with.