He went on to buy 45 4' diameter weather balloons in an army-navy surplus store, attaching them to his lawnchair and then filling them with helium after donning a parachute and strapping himself to the chair with a pellet gun, a CB radio, some sandwiches, soda and a camera; however, things did not work out as he had thought. When his friends cut the chord that had tied his lawnchair to his jeep, Walters' lawnchair quickly rose to a height of about 16,000 feet (4876 m); fearing that he might get himself into even deeper trouble, he did not dare shoot any balloons, instead drifting over Los Angeles and crossing the primary approach corridor of Los Angeles International Airport.
After spending more than fourteen hours in the sky, though, he came to the conclusion that he would have to shoot a few balloons after all; doing so caused him to descend slowly again, until the balloon' dangling cables got caught in a power line, causing a black out in a Long Beach neighbourhood for 20 minutes but also allowing Walters to climb down to the ground again.
He was immediately arrested by waiting members of the LAPD; when asked why he had done it by a reporter, Walters replied "a man can't just sit around." He was later fined 4000 USD by the Federal Aviation Administration for violations of the Federal Aviation Act, including operating a "civil aircraft for which there is not currently in effect an airworthiness certificate" and operating an aircraft within an airport traffic area "without establishing and maintaining two-way communications with the control tower.". Walters appealed, and the fine was reduced to 1500 USD.
Walters also received the top prize from the Bonehead Club of Dallas for his adventure, as well as invitations to "The Tonight Show" and "Late Night with David Letterman" and an honourable mention in 1982's Darwin Awards; the lawnchair used in his flight was given to admiring neighbourhood children, although he later admitted he regretted doing so.
He was in brief demand as a motivational speaker after his flight and quit his job as a truck driver, but never was able to make much money from his fame; later on in his life, Walters hiked the San Gabriel Mountains and did volunteer work for the United States Forest Service before committing suicide by shooting himself in the heart in Angeles National Forest on October 6 1988.