An enjoyable game. I liked how you introduced the story. You made collecting coins fun. As an improvement I didn't feel like I was falling fast, I think if things were rushing past faster it would have been better. Also when you hit the ground it should really be a thud and look like it hurts!
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Lol, originally I was going to have the ground just overtake the screen with a thud, just like you say. With the weird angle I used, it looked super weird. Having the character visibly splat on solid ground also seemed... grizzly. Thus the ocean splash. Solves all the problems in 4 frames of animation.