This is a little parachute I made out of a mint tin, a plastic bag, and some string. It was put together with hot glue.
The parachute can fold inside itself to fit in a mint tin, and when opened, the mint tin can be closed. This enables it to be able to take a slight payload (I've used SD memory cards). It can be launched of the top of a stairwell, a high window, off a cliff, etc.Now you can watch a video of it in action here.