From the Super Mario Wiki
The Paraglider (known as the Parafoil in Europe and Australia) is an unlockable glider part in Mario Kart 7. It offers an acceleration boost, while hindering weight, but like all the other gliders, it allows karts to go airborne for a brief time period. It also has the same stats as the Flower Glider, Peach Parasol, and the Swooper.
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