UFO seen as hot air balloon in Tempe

Summary

A witness in Tempe, Arizona, reported an object that appeared hanging from a parachute, with a reddish color that turned silver as it disappeared. The object swayed like a pendulum and dropped a flame tail that extinguished. The descent was erratic, like a falling leaf. The report concluded it was likely a hot air balloon. The observer, a retired naval officer and experienced entomologist, gave precise details of the object's movement and appearance. The object moved slowly from northwest to east, maintaining the same height above the horizon. The official report classified it as a hot air balloon, possibly a student experiment.