I used to love this one.
Vary the lightness of seat, but keep him in front of the leg, straight and through.
The idea of this exercise is to enable the rider to adjust the canter to suit certain distances whilst maintaining fluency. This is needed both for cross-country and for show jumping jump offs.
‘Fluency’ is the Be all and End all.
The jumps can be raised, turned into large cross poles, or even parallels. It matters not, as long as the canter is balanced, rhythmical/fluent and in front of the leg.
Choose the canter you need to get the number of strides you want between the jumps. Collect the canter, get a really round, boucy and powerful feeling when shortening the stride. Don't hook, instead hold, encourage, guide and keep the rhythm. Remember the 'feel' when achieving the same canter when competing.
When jumping at an angle accuracy and straightness is key. It should be performed on both reins to minimize the horse favoring one rein in particular.