It's great fun when you can get an airplane either stopped in midair or travelling backwards! I was able to do it in the Taylorcraft. Picked a landmark, happened to be the beer-mug shaped castle in the park NW of Leicester, plotted it between the struts out the pilot-side window, and kept bringing back the power and raising the nose until the castle was stopped firmly in the strut-vee. Great fun!
There are old tales of a guy doing vertical circuits in a Cub. Takeoff into a howling wind, climb to some altitude, still over the runway, bring the airspeed back to something less than the windspeed, ride the wind backwards over the runway, pick up the circuit on final, land, repeat until bored. THAT sounds like fun!
Can't quite get there in the Pitts without a hell of a headwind.
Pitts2112