Today I was playing with my parachute cloak and noticed there's 30 seconds between when the buff ends, and when it's use-able again. Coincidentally, the cooldown of an item that's recently been equiped is 30 seconds. Using this, I made a macro that would allow you to keep using slowfall between two cloaks, therefore enabling you to parachute forever.
Here's the macro:
Code:
/use 15
/equipslot 15 Cloak#1
/equipslot 15 Cloak#2
Switch Cloak#1 and Cloak#2 for your two cloaks with the parachute enchant on it. When using the macro, make sure you wait until the buff fully wears off (When you begin to fall at normal speed) and then click it again. It will use the parachute cloak of your currently cloak and equip your next cloak, which will fall off cooldown at the exact time that the buff ends.
For those of you who think this is working as intended and not an exploit, Blizzard put cooldowns on these obviously for the very reason of not letting you use the cloak infinitely. With this macro, you can use it infinitely.