noun

• (aviation) 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.
• (zoology) A web or fold of skin extending between the legs of gliding mammals, such as the flying squirrel and colugo.
• (BDSM) A small collar which fastens around the scrotum and from which weights can be hung.
  "Under that there are dildos and butt-plugs arranged by size on two shelves: two fat butt-plugs and four small ones, four two-headed dildos, eight ordinary dildos. Under that, the little material hanging on nails: five different pairs of nipple clamps, some clothespins, a parachute for the balls, a dog collar, two hoods, one in leather, one in latex, six cockrings, in steel or leather, regular or with built-in ball-squeezers, two dick sheaths […]"

verb

• (intransitive) To jump, fall, descend, etc. using such a device.
  "Like most human activities, ballooning has sponsored heroes and hucksters and a good deal in between. For every dedicated scientist patiently recording atmospheric pressure and wind speed while shivering at high altitudes, there is a carnival barker with a bevy of pretty girls willing to dangle from a basket or parachute down to earth."
• (transitive) To introduce into a place using such a device.
  "The soldiers were parachuted behind enemy lines."
• (transitive) To place (somebody) in an organisation in a position of authority without their having previous experience there; used with in or into.
• (slang) 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.