An aquatic collection receptacle that floats while remaining attached to a diver. Embodiments can include floatable rim with an attached underwater container. Further embodiments include an escape barrier or crossing lines over the mouth of the receptacle to prevent loss of contents while floating. A lanyard connects the receptacle to a diver, allowing it to float and be pulled along by the diver. If pulled beneath the water surface by the lanyard, the floatable rim can fold or otherwise close over the mouth of the container to prevent loss of contents. Alternative embodiments include a breakaway lanyard to ensure safety of the diver.