Parade sights (6)
I believe the answer is:
floats
'parade sights' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for floats that I've seen before include "Remains on the surface of liquid" , "Hovers" , "Rests or moves on the surface of liquid" , "Stays on the surface of water" , "Stays on the surface of liquid" .)