parachute

Short definition from Wiktionary

Noun

1. 1
   A device, generally constructed from fabric, that is designed to employ air resistance to control the fall of an object or person, causing them to float instead of falling.
2. 2
   A web or fold of skin extending between the legs of gliding mammals, such as the flying squirrel and colugo.
3. 3
   Any of various mushrooms with broad, domed caps.
4. 4
   A small collar which fastens around the scrotum and from which weights can be hung.
5. 5
   A large sheet of fabric used in children's physical education, often colorful, with handles allowing many people to control its motion.

Verb

1. 1
   To jump, fall, descend, etc. using such a device.
2. 2
   To introduce into a place using such a device.
3. 3
   To place (somebody) in an organisation in a position of authority without their having previous experience there; used with in or into.
4. 4
   To wrap illicit drugs in a covering before swallowing them, so that they will be released for absorption when the covering dissolves within the body.

Proper noun

1. 1
   A town in Garfield County, Colorado, United States, named after Parachute Creek; it was renamed Grand Valley in 1908, regaining its original name in the 1980s.