Parachute rhymes with:
crapshoot, offshoot, overshoot, absolute, arrowroot, attribute, bandicoot, bitterroot, breadfruit, constitute, convolute, countersuit, crapshoot, destitute, electrocute, execute, grapefruit, institute, jumpsuit, lawsuit, malamute, offshoot, overshoot, pantsuit, persecute, prosecute, prostitute, reconstitute, resolute, restitute, spacesuit, substitute, sweatsuit, swimsuit, telecommute, wetsuit, wintermute
Parachute sounds like:
paperweight, parachuted, parakeet, parasite, parched, parked, parkside, parquet, parsed, perched, perished, perked, peroxide, perquisite, persaud, persecute, persecuted, perset, persist, persisted, persuade, persuaded, perused, phrased, pierced, poorest, pracht, praised, prasad, preached, precast, precede, preceded, preceed, precht, preciado, precooked, preexist, preexisted, prerequisite, presaged, prescot, prescott, preset, preside, presided, presidio, pressed, presswood, prest, presta, presti, prestia, presto, prestwood, presutti, preyista, priced, prichett, priciest, pricked, prickett, priest, priesthood, prized, proceed, proceeded, processed, procida, procyte, project, projected, prosecute, prosecuted, prosody, prost, prostate, prostitute, proust, prust, purchased, purest, purged, purist, pursed, pursued, pursueth, pursuit