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Floaty Jump is a move used only by four characters: Mario, Luigi, Cosmic Wario and Peach. This move is used differently by each character. Mario or Luigi uses it when he has a Mini Mushroom, and is able to fall slower than usual. He can use it to reach areas not accessible with a normal Jump. Luigi also uses the weaker type, which is a bit lower and only makes his descent from a Jump slower than normal. Peach can Jump and hold the Jump button during a Jump to temporarily float a short horizontal distance in Super Mario Bros. 2.

It was first used in Super Mario Bros. 2 by Peach. Luigi uses it again in Super Mario 64 DS after a normal or Double-Jump. Peach uses it in Super Smash Bros. Melee. Both Mario and Luigi use it in New Super Mario Bros.

Cosmic Wario can use this move in Wario: Master of Disguise, but normal Wario cannot.