look up any word, like the eiffel tower:
 
3.
a tasty cold treat that is a combination of a slushy and soft serve ice cream. This concoction can also be mixed together. The floated comes from the ice cream floating in the slushy and not mixed obviously.

aka: floater
"would you like that mixed or floated"
"floated!"
by Wonder Chick February 19, 2009
 
1.
"So drunk that you're too high to care"
Damn its 5am im floated.
by JD&Tlan DeltaSigs August 26, 2005
 
2.
Faded & Loaded aka Drunk & High
Damn, it's only 11 and I'm floated!
by aka GOD February 19, 2005