Nice idea
Really liked the idea, pretty original. Reminded me of R!SE which is my favourite game on Newgrounds.
I think this would be better if, like R!SE, when you fall you don't die straight away, you just keep falling until you find a cloud that hasn't been popped on the way up, then you can try and use that to bounce back up.
Also not to keen on the clicking thing, didn't have enough of an effect considering the damage it does to the score. If i made this I'd give a squirrel a rocket on his back, and clicking makes him whoosh up a fair bit (but it takes a while to charge up so you can't use it in quick succession).
Graphically this was fantastic. Well drawn with great effects.
Instead of going on forever, you could add multiple levels with an aim in each, like reaching the moon or something. Higher levels would have smaller clouds, but you could also add things like planes and other obstacles to make it harder.
Just playing this is making me feel all creative, it's given me a few ideas for some games of my own.
Nice work, just the kind of game I really like to see on Newgrounds. 9/10.