I took a look at the clip and my take on it that the object of the exercise was not to slow down the tank, but to move it sideways and land in the lake a half a mile away. Hannibal says, "rotate the main gun to 82º" which I take to be sticking out sideways.
Background Information
The facts I could find were:
An M1A2 Abrams
weighs 69.54 tons or 63085.63 kg
A M829A1 tank round (Wikipedia) has a total weight of 41.1 lb (18.6 kg) - 8.1 kg (18 lb) propellant = ~10 kg and travels at 1,670 metres per second (5,500 ft/s)
The basic load of a M829A2 is 42 rounds (also from globalsecurity.org)
So my statement of the problem is: Can a 63,000kg object be moved a distance of 800m by firing the main gun before it hits the ground?
- From the conservation of momemtum (p):
$$\begin{align*}
p_{tank} &= p_{round}\\
m_{tank} v_{tank} &= m_{round} v_{round}\\
v_{tank} &= \frac{m_{round}v_{round}}{m_{tank}}\\
v_{tank} &= 0.2647\frac{\text{m}}{\text{s}}
\end{align*}$$
Given the gun is not pointing straight sideways, horizontal velocity of the tank with the first round fired is reduced as per:
$$\begin{align*}
v_h &= 0.2647\frac{\text{m}}{\text{s}} - \frac{90°-82°}{90°} \cdot 0.2647\frac{\text{m}}{\text{s}} \\
v_h &= 0.2412\frac{\text{m}}{\text{s}}\end{align*}$$
Assuming the very best case where drag is negligible (I know, not a good bet since the tank is hanging from a drag chute), each round would increase the velocity by $0.2413\frac{\text{m}}{\text{s}}$.
From the fact that the basic load (the standard quantity carried) is 42, you could, at best, get the tank moving sideways at:
$$v_{h,max} = 0.2412\frac{\text{m}}{\text{s}} \cdot 42 = 10.13\frac{\text{m}}{\text{s}}$$
The time to move 800m at the above rate is right at 79 seconds.
Would there be enough time to move the required distance? How high (height denoted by $y$ in the following) would the tank have to start its descent to have 79 seconds?
From the basic time/distance/gravity equation:
$$\begin{align*}t &= \sqrt{\frac{2y}{g}}\\
y &= \frac{t^2 g}{2}\\
y &= 61120 \text{m}\end{align*}$$
So the airplane from which the tank falls would have to have an altitude of over 200,000ft. Since:
The only aircraft the U.S. Armed Forces has that can carry an M1 tank is the C5 Galaxy and
The C5's service ceiling is 35,700 ft at 279,000 kg gross weight (that is, 5.6 times too low).
The flying tank scene in the A-Team movie could not be real - but it's still great movie-making.