Abstract: A diver's floater is disclosed having a spherical float body with a circumferential groove thereabout in which a line may be stored, which line connects the float body to the diver. A clip, attached to the float body, under which preselected turns of the line may be secured, serves the dual purpose of preventing excessive line from unwrapping and providing distance indications to the diver. In one embodiment of the invention, wherein the float body is hollow, access to the float body interior is provided so that equipment may be stored therein. A support is also provided for storing equipment and the like external to the float body.