Parachutes can be dislodged by hitting the front of your kart into a wall, it can save you a lot of time. Thought you guys might like to know, I couldn't find any documentation of it in the guides section.

Also, you can explode a basketball with a cake.

I added a guide with a video.

I usually just slow down with brake just enough to make it go away and drift a bit afterwards. If I'm lucky enough, I can drift and slow down to get instant retribution after.