This Spirit takes the appearance of a large, blue, and transparent jellyfish with eyes, nostrils, and a large mouth with teeth and inside of it is a big brain.
Mr. Floaty remains near the water area of the Pond. However, if the Protagonist gets too close to it, it will chase after her to until she's outside its chasing radius.
If the Protagonist gets under in will trust its guts, unto her, killing her.
It guards a collectible Item called Mummy, which resembles to a bird or a kappa.