It's a hovering chaise lounge. After all, what would you expect from a company called Hoverit?

The Hoverit lounger uses repelling magnets to in its bed to hover above its base.

Designed by inventor Keith Dixon, the lounge comes with castor wheels for mobility and is built of a transparent acrylic plastic. The magnetic fields add an extra level of comfort and, according to the inventor can help cure ailments like muscular discomfort, headaches, and backaches.