A floater is a Monster Card which has replaced itself in some way, allowing the player using it to generate card advantage. An example of a floater is "Dekoichi the Battlechanted Locomotive." Because Dekoichi allows the player to draw a card, it has essentially replaced itself in the player's hand, losing the player no cards overall if it's destroyed or lost. Another example is "Gravekeeper's Spy". "Spy" replaces itself with a monster on the field, as opposed to a card in hand, but the idea is the same; the player loses no overall card presence, even if the floater is destroyed.