i think it would be cool in a future version to be able to use parachutes to stop taking damage from falling long heights. To craft, you would use 3 cotton. (1 middle top row, and in every spot in the middle row) and 1 string on the bottom. Or maybe you could be able to craft "Cloth" in the future instead. You would be able to use the arrow keys to change the directioin you are falling in. And to use it, have it selected and press space while falling.
Good idea or bad idea?
Some people dont want to/cant get mods.
I think it would be a great idea, although, i think to use it, you should just right click with it selected.
aether mod has done this. or you could post in mods and ask for someone to make you a parachute mod