The Superman is a two handed variation of the Dynamic Arm Tumble So it's a good idea to learn that one first.
Once you can do that, throw (or kick if you're keen enough) the hat vertically infront of you, raise both hands together as though you're Superman flying and do a two handed dynamic arm tumble.
For bonus points, raise one leg behind you to enhance the flying illusion. Extra double bonus points if you can do that without looking too camp.
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