Get your enemies killed from above, since you can shoot from it. It has different colors, and you can also smoke trails of colors to do some artictic acrobat.
Too high? Use this cheat code and get a parachute to slow the fall:
LEFT, RIGHT, L1, L2, R1, R2, R2, LEFT, LEFT, RIGHT, L1
LEFT, RIGHT, LB, LT, RB, RT, RT, LEFT, LEFT, RIGHT, LB