Grounded daredevil pilot Douglas Fairbanks Jr. secures a job protecting shady Leo Carrillo from his many enemies. Carrillo takes a liking to the young man and promotes him to a flying job--smuggling narcotics into the United States. Fairbanks eventually redeems himself with the help of good girl Bette Davis. Frank McHugh is also around to do his "best buddy" specialty, as Fairbanks' pilot chum. Parachute Jumper was one of Bette Davis' least favorite pictures, a dislike which is all too evident in her substandard performance. In 1962, clips from Parachute Jumper were used in What Ever Happened to Baby Jane?, which costarred Bette Davis and Joan Crawford, to illustrate that the character Davis was playing was a lousy actress!