Dan Cooney had a question at the last a2b3 - "what is a bumbershoot?" Here's a definitive answer from the Swedish Chef on that topic:
More on "bumbershoot" from World Wide Words:
It seems to have been yet another of those gloriously facetious bits of wordplay so characteristic of America in the nineteenth century. Quite how it came about is a matter of some guesswork, but it looks moderately certain that the first part derives from the beginning of umbrella, with a b put in front so that it makes the evocative and forceful first syllable bum; the second half, as you surmise, is a respelling of the final syllable of parachute, presumably because of the similar shape.
No need for your bumbershoot today, though a parasol would do you nicely.
Credit to Al Abut for snagging the Chef from YouTube.
