Popped the chute 

when you've taken all the abuse you can take and want to make a grand exit, you "pop the chute".

Steven Slater "popped the chute" when he had enough abuse from a passenger on his flight.

Popped the chute by Pam-Pam Shenanigan August 11, 2010

Pull The Chute 

To backout, drop out of or give up on something.

Derived from the use of parachutes in sky diving. The diver "pulls the chute" on the dive at a certain point where he/she deems safe.

"Bob 'pulled the chute' on class again." This translates to the following:

Bob skipped class again.

In conversation:
Mike: "Where's Bob?"
Tony: "He pulled the chute again."

Short forms:

Pulled, chute, or simply: P.T.C.

Pull The Chute by BJLOVE{bob} March 10, 2004

Sliding the chute 

Quitting a job in dramatic fashion.

Etymology: Phrase derived from the actions of Steven Slater, a JetBlue airlines employee who, after being abused verbally and physically by a passenger while the plane was on the ground, used the plane's intercom system to curse out the passenger. Then he grabbed a beer from the beverage cart and deployed an emergency escape slide to jump from the plane.

This job sucks so bad that one of these days I'm sliding the chute. It'll be epic, dude!

Sliding the chute by copper6500 August 10, 2010

pulling the chute 

Leaving an event or night out at a club early because it is lame/boring and not always telling the people you came with

If I'm still hungover Saturday, I'll be pulling the chute early and bookin it for home.

pulling the chute by Gordi November 26, 2007

Ride The Chute 

Based on the flight attendant who quit by cursing out the passengers, grabbing a beer, and opened the plane's emergency slide and rode it to freedom.

It refers to an over-the-top, dramatic way to quit your job.

I am so fed up with this job. I'm just thinking of the ways i can ride the chute out of here.

Ride The Chute by The Real Snicks August 10, 2010

Pull the chute 

To suddenly cancel plans at the last moment or to stop one's self from attempting a drastic action.

"I was totally going to hit up that chick but I got scared and had to pull the chute."

"I was supposed to have dinner with my parents but I pulled the chute and went to a strip club."

Pull the chute by Sillyist August 20, 2009

deployed the chute 

The act of losing it after you you've been treated with disrespect for the last time.

Take this job and shove it! The airline attendant deployed the chute as he announced to the passengers he has had enough and was quitting his job.

deployed the chute by Gogogirl56 August 10, 2010