HELLOOO!!!
I was fucking around, and at once I found that theres a steed bug in Dannyes main.scm. I don't know if it's old, but even so it's fun to use or what ever.
Step one:
Save your position, doesn't matter where..
Step two:
Get on a high building, and make sure you got a parachute.
Step three:
Drive off of the building.
Step four:
Now when your in the air jump off of your bike, and spawn back on your bike to your saved position.
Step five:
Now when you did it good, a parachute will float above your head, and you can't bail off of your bike anymore. You can stop it by just stepping off of your bike again.
Heres a little vid I made of how I did it:
http://media.putfile.com/BoBsaget-Dannyes-Steed-ModThe third clip you see if from what you get when you watch a replay.. Looks kinda cool imo, CJ turning around on his bike.
Have fun with it.