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floppy (adj.)

1858, "inclined to flop" [OED], from flop + -y (2). Floppy disc attested from 1971 (short form floppy is by 1974).

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Definitions of floppy from WordNet
1
floppy (n.)
a small plastic magnetic disk enclosed in a stiff envelope with a radial slit; used to store data or programs for a microcomputer;
floppy disks are noted for their relatively slow speed and small capacity and low price
Synonyms: diskette / floppy disk
2
floppy (adj.)
hanging limply;
a spaniel with floppy ears
From wordnet.princeton.edu