A submersible floating light (1) having a bulb that (3) that floats under that surface of a body of water, thereby illuminating the water and attracting fish and other aquatic life at night. A weighted base (8) locks onto an electrical power cord (7) that passes through apertures (15, 16) located on a housing (9) of the weighted base. The electrical power cord extends from an electrical power source through the weighted base and to the bulb. Clamps (17) allow the weighted base to be positioned at a predetermined distance from the bulb on the electrical power cord.