You are currently 34,272 feet above sea level. Don't bother committing this number to memory; it is likely to change often throughout the next few minutes.
29,108 feet now, actually. And it's because in all likelihood you have just been pushed out of an airplane. Congratulations! This is rare.
There are a variety of sound reasons for you being naked right now. It's very likely, for instance, that you were nude prior to boarding the aircraft and were unable to get a stewardess to bring you pants.
Alternatively, it's possible that you have done something recently to infuriate a drug lord, and that your nudity is meant to add a humiliating addendum to your demise.
That would have been Tyrone "Black Dynamite" Wilkins, the most feared drug lord in Detroit, and handily explains why you've being pushed out of an airplane. However, an insult alone wouldn't account for your nudity. Is it possible you made fun of his grotesquely large baby head?
This is probably the cause, then. Black Dynamite is hoping your nude freefall will be captured on camera and broadcast internationally, robbing your death of solemnity while it is looped continuously on news shows with amusing slide whistle noises. Also, not to put too fine a point on it, but it's very chilly at an altitude of 20,000 feet.
Your penis is going to look hilariously small on national television.
If at all possible, try to panic. Thrashing around will create air resistance. This will fight the gravitational force pulling you rapidly towards the ground.
No, that would be idiotic. But it will effectively take your mind off of the very sudden impact you're about to experience.
It is true that the velocity of your descent will cause you to lose consciousness prior to impact.
However, it's important to note that hitting the ground at a terminal velocity of 120 miles per hour tends to be a bit of an attention-getter. So you'll probably wake right back up just in time to die horrifically.
Oh heavens yes. Though if it's any consolation, probably not for very long. I notice you haven't asked about whether or not you should use your parachute yet.
Oddly enough, yes. You must have grabbed it before you were thrown out of the airlock. It's strapped to your back.
Considering you just pulled the straps connecting the parachute to your body, one could say this is indeed the case. Note the large object directly behind you, floating slowly and happily away from your back. This was your parachute.
Tilt forward until you are floating completely flat on your stomach. This will better distribute the impact.
Again, no. But it will probably ensure you explode.
But no one will know you were naked.