Playground parachute

A playground parachute is a round, multicolored, nylon sheet commonly 20 to 30 feet in diameter. It may or may not have handles on the periphery. It is used by arranging children on the outside, who then vigorously wave the parachute up and down. Playground parachutes are commonly used in kindergarten and early elementary school physical education classes, gymnastics classes, and organized recess, but is aimed for people of all ages.
Games played with a playground parachute.
Some activities with a playground parachute include:
Shark and Lifeguard: 
a child will go under the parachute and pick a victim to be pulled under, the victim will shout 'Lifeguard!' if the child who is the lifeguard didn't pull the victim out in time he/she will suddenly become a shark and so on.
Popcorn
Place a number of beanbags, small balls, or cotton balls onto the middle of the parachute. Shake to make them pop up like "popcorn".