Parachute Joust was published by 17-Bit Software (later becoming Team17 Software) in 1990.
The game begins as two men fall from an aircraft flying at 16,000 feet. The player must control one of the men and "joust" for the only parachute pack as they free fall to the ground. A second player may control the other man in two-player mode. The player must take control of the parachute whist avoiding the opponent, who may steal it from them. Bumping into or gliding close to an opponent's hand takes the parachute pack from them, and the opponent may take it back from the player in the same way. A meter to the left of the screen indicates the remaining fall distance.
During the decent, clouds may obscure the screen making it difficult to determine which of the men has the parachute. When the players reach 500 feet above ground level, the player with the parachute automatically deploys it, causing their opponent to plummet to the ground and crash through the roof of a sheep barn.