As in the colloquial usage of "hooped it". The act of balancing a volleyball, football or other inflatable object under ones buttocks while in a swimming pool.
Although giving the appearance and sensation of floating, the proponent runs the risk of opening his (or her) anus and "ingesting" the ball (or other object) into the colonic tract. Thus rendering the protagonist a "permanent floater" having hooped the ball.
Freakboy: "Dude, where's the damn volleyball? I wanna get on with the game!"
Hoopy-boy: "Man, I was floating on it and now it's gone. I think I hooped it!"
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