It has a height of 119 metres (390 ft) and a maximum speed of 135 kilometres per hour (84 mph), making it both the fastest and tallest amusement park ride in the Southern Hemisphere.

[3][4][5] Close to two years later, on 26 December 1998, The Giant Drop officially opened to the public as part of the Dreamworld Tower.

[10][11] Despite the incident, Dreamworld continued to keep The Giant Drop operating, stating their ride's cables had daily and monthly checks.

[13][14] The Giant Drop is one of Dreamworld's seven thrill rides alongside The Claw, The Gold Coaster, Mick Doohan's Motocoaster, Pandamonium, Steel Taipan and Tail Spin.

Upon entry to the outdoor queue, a safety notice and a Guinness World Record plaque are located at the main entrance.

Upon reaching the top of the tower, the gondolas are released into a free-fall, attaining a terminal velocity of 135 kilometres per hour (84 mph) before stopped by permanently mounted rare-earth magnets.

Upon opening, the eastern side of The Giant Drop featured a momentary pause shortly after the release from the top.

[17] From 2003 and 2004, the ride was depicted at the start of the title sequence for the reality show Big Brother Australia, as the production was filmed at Dreamworld from 2001 to 2008 and 2012 to 2014.