It means high.

Specifically on weed.
sheeeet i just smoked four bowls im floatin 8)~~~~~~~~~~~~
by Cap'n Awesome April 29, 2005
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The feeling you get when you are just drunk enough not to feel anything and you're head is up in the clouds
After you have taken 7+ shots and the world becomes a blur; where you start looking at everything like its an adventure and your head feels super light, that's when you're floatin
by KatieBaby318 September 14, 2011
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"you see that nigga?" "yea, that car was floatin!"
by Yung Tune January 9, 2008
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When you see something that you are interested in and understand, and therefore actively participate or advocate for it. If you are "not floatin' it," then you recognize the possibility of a particular scenario, but are not willing to act in any way to contribute to it's occurrence. This often applies to one's own sexual preference, or the option of two other friends engaging in a relationship.
Theatre Girl: Hamlet and Horatio definitely have the hots for each other. I'm going to write a fanfic for it!
Other Girl: I'm feelin' it, but not floatin' it.
by What-You-Will September 25, 2013
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1. Meaning cool or awesome
2. Can also be used to describe things that are suspended in air/ levitating, but this is not as important or as useful as definition 1
"Man check that out Mark! Thats floatin'!" I said as Patrick looked on. "yea dude that's really floatin'" exclaimed Jeremy.
by Jonathan "Hammy" Hamilton November 16, 2005
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Having the perfect high. almost a euphoric feeling. usually a mixture of pills and alcohol, or a simple mix of different drugs.
Dude bro, That vicodin and weed cookie has me just floatin' on ice!
by double-d 123 June 2, 2010
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Riding an inner tube down a river wearing your best pair of jorts while drinking Carlo Rossi from the jug and abandoning any semblance of your former heterosexual self.
floatin' the river
by Cougs321 May 25, 2011
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