Abstract: A parachute assembly is utilized in combination with a skate pair, wherein the skate pair is mounted by an individual and the individual supports the parachute assembly. The parachute assembly includes a flexible canopy, including a peripheral substantially annular edge, with a plurality of flexible cords mounted to the canopy. The cords are spaced from the canopy and terminate in a handle. A sleeve member is slidably mounted between the handle to encompass the cords, whereupon the sleeve member is slidably adjustable between the handle and the canopy to adjust effective length of the cords and thereby adjust effective opening available to the canopy.