Ive done it once before, it was pretty fun.
It depends on how you do it on whether or not you are strapped to a guy. When I did it, however, we just did like 8 hrs of training then went up in the plane, went out on the railing sort of thing while holding on to this other railing thing, let go and the instructor would just throw the lead chute out for me right as I let go. So very little freefalling, but still fun. If you are "good" then by the 4th or 5th jump you can do it all on your own. Costs lots though, but I won mine, coincidentally at a comp at Louise some years ago now.