The Collaborative International Dictionary of English v.0.48:

Floating \Float"ing\, n.
   1. (Weaving) Floating threads. See Floating threads, above.
      [1913 Webster]

   2. The second coat of three-coat plastering. --Knight.
      [1913 Webster]

   3. The process of rendering oysters and scallops plump by
      placing them in fresh or brackish water; -- called also
      fattening, plumping, and laying out.
      [Webster 1913 Suppl.] Floating charge