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Parachute, this the widest and easiest way down on the south side of the Headwaters ridge, snow coverage is usually thin on this side of the ridge, but this chute generally has the best coverage and the one mostly commonly open.
It is about a 20-30 min hike from Challenger chair and is also a way to access the Tram without going all the way to the base area if you are coming from the Moonlight side.
Be sure to check the sign at the gate to make sure it is open if you intend to ski it.