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parachute pants 

Pants with a built in rip cord which reveals your member to adoring ladies
I put a huge smile on her face when i did the "parachute pant dance of the exotic panda" on her.
parachute pants by Davey G April 29, 2004

parachute pants 

Noun: Pants that can protect you from dieing after trying to commit suicide off of a very high building.
1.I jumped off a building but durvived from my parachute pants.
2. Im Sean and i wear parachute pants.
parachute pants by Dan Solomon April 16, 2003