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Anonymous
Yes and no. Yes because you can fold it back up into its sack. But some kinds of parachutes can not be folded back into its sack. For example a normal nylon parachute can. But a space parachute cant.
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A parachute is a life saving device. It can, however, be reused many many times as long as it is taken care of!
Only if you pack it up back into the bag