A person's ass that is very large and extends out far behind them, resembling the parachute used to slow down drag cars.
"John's ass is bigger than his stomach!"
"I know, its a real parachute ass."
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When a very large person breathes heavily over their words making it difficult to understand them.
John: "My name is ahtbajaj."
Me : "What was that? I couldn't understand you through your Polish Lisp."