Abstract: The present invention is directed to an adjustable weighted balloon handle that allows for a balloon to levitate an intermediate distance off the ground. The adjustable weighted balloon handle includes a plurality of strips having a plurality of perforations creating tabs, wherein the tabs may be removed to adjust the weight of the handle. The adjustable weighted balloon handle may solve a number of problems currently associated with helium and other lighter-than-air balloons. Namely, the adjustable weighted balloon handle may allow a user to levitate a balloon off the ground and not force the user to tether the balloon to a surface.