In Assassin’s Creed 3, you can use a parachute if you jump off something high enough.
The main thing you want to remember when trying to use your parachute is to be empty handed, so don’t equip any weapons.
As you’re falling, press and hold the action button, so X on Xbox 360, or Square on the PS3.
Obviously you want to position your back to the sky as you’re doing this.
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