Phrase used instead of whatever floats your boat to describe that any course of action is acceptable with the person that says it. Goats are more bouyant than boats. Therefore the phrase is more flexible than boats. And better.
Person 1: I should... eat a pony. And a small child.
Person 2: Whatever floats your goat, man.
Used instead of whatever floats your boat, whatever floats your goat, and whatever floats your waterlogged boat". A goat totally can't float, because it's waterlogged. See?
Joe: I'm gonna do an internet!
Pete: Whatever floats your waterlogged goat...
Joe: What the actual fuck?
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).