Go up a Chimney down

What can go up a chimney down but can’t go down a chimney up?

Answer

An umbrella.

In English, when we have opened an umbrella we say that the umbrella is “up” and when we have closed an umbrella we say the umbrella is “down”. So an umbrella can go up a chimney when it is “down” but it can’t go down a chimney when it is “up”.