Ok, let's do this again, a little simpler. I think sokarul has finally realized the reason as to why the EP still holds, like I said, in my first post.
You are in a plane, accelerating at the same rate as the earth. You exit said plane and stop accelerating. The earth continues to accelerate and accelerates the air along with it. You body experiences drag and starts to accelerate upwards. As you accelerate (again after you open your chute) your apparent acceleration with the earth slows. When your acceleration with the earth is at zero, or very close to it, you have reached your terminal velocity. However, your overall velocity is less than that of the earth. Therefore, you slowly approach the earth.