You can actually finish a fairing without making the tip. Just bring the fairing to the edge of the parachute, and click, like this: http://i.imgur.com/JvZnkzT.jpg And the fairing conveniently keeps an opening for the parachute to fit right in. http://i.imgur.com/8jR6NRX.jpg This makes it really easy to make Saturn V type fairings: http://puu.sh/inVtv/492514af30.jpg