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1.
The act of filching food & filling your pockets or handbag at a party, especially one with a buffet style layout.
Mr. P: Did you see Dave's pockets were all full of Meatballs & Chicken wings?

Mr. C: Yeah, he's been Floyding food all day from the cookout.

That slick bastard with the pork pie hat had the best floyding skills ever.
by Tipp Tappen April 03, 2011
 
2.
The act of beating all valid competition and then retiring. Similar to the actions taken by Floyd Mayweather, Jr. after beating De la Hoya.
Man we were playing scrabble and he dropped "asphyxiate" scored 85 points and left. That man was floyding
by Red1234 December 14, 2008
 
3.
The act of extreme homosexualism; tends to involve faggotry and retardism in serious cases. An extreme sports letter must be filled out prior to floyding.
Last night at the frat house there was some serious floyding around
by jjarden July 21, 2011