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Floating refers to what is in the air. Or another way of saying What's up?! (wazzup)
What's Floating Brotha? - Waz Floatin' Bro?

I got tingz Floatin' all over the place at the moment (Alot of things to handle/deal with).

Shits Floatin' around (a rumour is going around, or a fights about to happen)
Floating by WAVE~Rider April 9, 2012
Riding a motorized bicycle
When you see a bicycle propelling itself uphill (or level terrain) without the rider pedaling, it's called floating.
Floating by Dabrown November 16, 2009
When you are somewhere with nothing to do. but you are just there. or you are kinda in a relationship with someone but not really, just mess around but not friends with benefits
me and my douce bag are just messing around we are floating
floating by lllrrrcccyes July 13, 2011
A term often used in the South to describe the act of lazily floating down a river by: intertube, kayak, canoe, or other flotation device. Lots of beer is usually involved.
I want to go floating this weekend!
floating by NatureSweet June 21, 2016
Going from girl to girl. Not sticking with one woman more than a few days for gains of sexual intercourse.
Jimmy started college last fall and ever since then he's just been floating around the girls in his dorm. I'm sure he'll get a bad rep soon.
floating by Jemmers January 18, 2008
When someone stands alone in a wide expanse like a square or field and engages with their mobile device. Standing motionless sometimes pacing, head down locked in the internet.

Like you're in the physical realm but you're floating in cyberspace
"Yo this guy's walking around like he has no friends n shit."

"Nah, just leave him be, he's floating bruh."
Floating by aWarpingTrick July 28, 2017