Behold: The Water-Powered Jetpack
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It is cool, but I wonder if the 'tail' reduces the feeling of free flight. It certainly tethers you, restricting your range. Could this be useful for work on oil spills? Marine biology? Coast guard?
Clever hack, though.
If you really want to be depressed, look into what those $400 fiberglass ladders at Home Depot actually cost to produce.
Recreation is full of inefficent ways of doing things just because they are fun.