How To Jet Pack:
Throw the ball to the inside, with just slightly less on it than a bullet pass. This allows more air under the ball so its a little higher.
You can go up or down inside depending on how the defense is playing and whether or not there is a safety over the top. Click on, turbo and cut in front of the red indicator. About right at the edge or a yard outside the red indicator.
Time your catch, press and hold catch until you come down with the ball. You will know that you pulled off the animation when the receiver jumps off one leg and uses his body to shield the defensive player while going up to get the ball.
And don't worry about having a tall WR it doesn't matter when you got it down pat.