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>> these are the best horses in the country are here today. and im happy to be here with them. coming up. a skydiving formation goes bad, leaving one man in a death defying downward spiral. >> i didnt know if allen was going to make it. id never seen anything that violent. >> when caught on camera, what went wrong tens. (guy) i wannna catch a falcon! (girl) we should do that. (guy) i caught a falcon. (guy) you could eat a bug. lets do that. (guy) you know youre eating a bug. (girl) because of ...

Parachutes start collapsing, they start folding up. thats when several people let go on that right row. the right row six wing was so far forward that when at the let go of him, his parachute turned back into the formation, as it came across the front, his parachute did a 90 degree left turn and came right into the formation. >> the entire pyramid collapses and two skydivers end up in a treacherous tangle. the unlucky man who gets wrapped up is his friend. >> that was allen. and hes one of my be...

Another problem. >> once allen cut other lean, the parachute went nuts. it started spinning because it was no longer in a might have configuration. it just got spinning more and more. now its wrapping allens lines up into a coil. it was tying a rope. >> allen is spinning out of control and time is running out. >> i didnt know if allen was going to make it. id never seen anything that violent or -- i knew we were getting pretty low. and we were right over the airport. so i could see the numbers o...

Hook knife. and i think allen had a knife that was already in his rig. it was kind of like on his harness right here, but it was plastic. and i bought him a better knife. it was just a present to my buddy the day before. >> with his new knife, allen finally frees himself of both chutes. now in free fall, he has fewer than ten secok seconds until im. >> that was it. >> with little time to spare, allen coasts to a landing completely unscathed. luckily his reserve chute deployed, even though he was...