Cryptic crossword clue
Parachutes, I see, regularly fail, having excess fluid 9

The most common and most likely answer to this crossword clue is the 9 letter word DROPSICAL

I've seen this crossword clue in Independent
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The straight part
We know that "having excess fluid" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case having excess fluid = dropsical.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

Crossword Answer definitions

DROPSICAL adjective
  1. Pertaining to, or afflicted with, dropsy.

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