Abstract: A toy parachute for being attached to and traveling up a kite string with the wind and for being released from the string for free flight to the ground. The toy includes a weight, a parachute having shroud lines attached to the weight, a carrier mechanism connected to the weight for movably engaging the kite string, and a mechanism for releasing the carrier device from the string. One embodiment of the toy parachute includes an aerodynamic device having an aperture which permits the carrier mechanism to pass therethrough and engage the string, and which prevents the weight from similarly passing through the aperture. When the carrier mechanism is released from the string, the aerodynamic device and parachute toy separate and individually free flight to the ground. In a second embodiment of the invention, the carrier mechanism comprises a pulley having a groove formed therearound for rotatably engaging the kite string.