Floater is a psychedelic rock trio based out of Portland, Oregon (originally formed in Eugene).

Robert Wynia — vocals, bass
Peter Cornett — drums, percussion
Dave Amador — guitar

King Rabbit is from their fourth album, "Burning Sosobra," released in 2001.

I saw them once in Chico, CA, at a place that used to be called "The Brickworks." They put on a wicked awesome set.

http://en.wikipedia.org/wiki/Floater_(band)
http://www.floater.com/