The float is the brainchild of Canadian designer Andrew Greenbaum, who recently posted about his creation on Instagram.
He wrote: "Had the idea to start this project almost three years ago, with my guy @ian__felton. I found someone who could make me a sample recently and pulled the trigger. Super hilarious project."
Greenbaum revealed that the company is $15,000 ($NZD16,779) short to fund the project and asked his followers if they'd consider donating.
He continued: "Let us know if you think a kickstarter would be a cool idea or if you have a rich daddy who wanna invest. We taking suggestion no doubt forsure [sic]."
The product has already proved to be popular before it's even hit shelves, as people have taken to Twitter to say how much they want one.
One tweeted: "I hate to be that person but...does it come in black?"
"Oh my god how can I get that and then have it at my desk?" another joked.
A third wrote: "When you're trying to have some fun in the sun, but you still dead inside."
"Oh my god COFFIN GOALS," another posted.
Extravagant pool floats have become so popular that even high end designers are trying to cash in on the trend.
Missoni teamed up with "luxury pool float" brand Funboy on a one-piece collaboration to create a stunning butterfly inflatable.
According to Funboy, the collaboration was a whopping 18 months in the making, and resulted in a single butterfly-shaped pool float.
The brands proclaim that it's the "world's first designer float" and it retails for $165 (£85) plus shipping.
The float comes is reversible and features two of Missoni's signature patterns, one on each side. The butterfly shape is designed so that the lounger sits between the two wings, making her (or him) the butterfly.
Each of the patterns were screenprinted by hand.
