Entry 1 sense Webster, 1913 parachuting /pĕr'-əsh-o͞otˌ-ĭng/ · par·a·chut·ing · IPA /pˈɛrəʃˌuːtɪŋ/ 01 n. The act or process of descending from a high altitude to the ground by means of a parachute. 1. The act or process of descending from a high altitude to the ground by means of a parachute.