A prolonged conversation of no meaning undertaken exclusively by males under the influence of large quantities of alcohol. Nothing of any value is established through such intercourse the purpose of which is purely for the entertainment of those so engaged. Although utterly hilarious to those participating in a floating cheese conversation such talk invariably leaves sober bystanders and all females wholly perplexed.

The term comes from one such meaningless conversation in which the relative bouyancy of cheese was hotly debated for many hours.
The six old friends enjoyed an evening of strong ale and floating cheese.
by Lee Farmie October 6, 2004
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