To descend or drop from an aircraft using a parachute. The skydiver decided to parachute from the plane at 10,000 feet.
To deploy a parachute to slow down or control the descent of an object or person. The pilot had to parachute the supplies into the remote area.
To introduce or insert someone into a situation or organization suddenly or without preparation. The company decided to parachute a new manager into the struggling department.