One of many countless slang terms for a woman's breasts, particularly large perky breasts.
*At the annual college swimming championship competition*
Chuck: Damn Sean, did you see that Erica outswim the other contestants for the umpteenth time? She just won the whole tourney and is the undefeated champion of the whole district! I wonder how the hell she does it.
Sean: Lotsa practice obviously. Like the other swimmers. But one could assume that it's in part due to those damn fine floatation devices she got on her! *points and ogles at Erica as she holds up her trophy to the audience*
Chuck: Amen, brother! I sure wanna make that one my little bed mermaid! Giggidy giggidy!
A man or woman who has mastered the art of floating in water and flirting at the same time. A true multi-tasker in the ways of mating.
A very sexy floater.
Woman 1: whoa did you see that guy!
Woman 2: Man I did! He's got the hair, the equipment... He is so floatatious! I could jump his bones right here in the pool!
Woman 2: whoa girl they'll bar us from this pool with talk like that!