Squidding meaning : To fish with the kind of hook called a squid. (parachuting) To cause squidding (an improper, partial, parachute inflation, that results in the sides of the parachute folding in on the center, and pulsating back and forth). (parachuting) An improper, partial, parachute inflation, that results in the sides of the parachute folding in on the center, and pulsating back and forth. The action of "to squid".