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Performing a handstand on a Keg of beer that is floating in a large body of water, i.e. a pong, lake or slow moving river. Usually the active Floating Keg Stander is supported by drinking companions who grasp his / her legs while placing both hands on the Floating Keg. Once the maximum amount of beer is consumed, the drinker is, of course, released into the body of water in which the Keg is floating.

I nearly drowned in beer and fresh water while performing a floating Keg Stand on Donner Lake. (Keg Stand, Floating)
by JWMP November 14, 2006
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Performing a handstand on a Keg of beer that is floating in a large body of water, i.e. a pool, pond, lake or slow moving river. Usually the active Floating Keg Stander is supported by drinking companions who grasp his / her legs while placing both hands on the Floating Keg. Once the maximum amount of beer is consumed, the drinker is, of course, released into the body of water in which the Keg is floating.
I nearly drowned in beer and fresh water while performing a floating Keg Stand on Donner Lake. (Keg Stand, Floating)
by JuicyBB November 15, 2006
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