diff --git a/README.md b/README.md
index aaaf6a8..b0a12c2 100644
--- a/README.md
+++ b/README.md
@@ -321,6 +321,15 @@ Open oil browser in a floating window
 | ----- | ------------- | ------------------------------------------------------------------------------------------- |
 | dir   | `nil\|string` | When nil, open the parent of the current buffer, or the cwd if current buffer is not a file |
 
+### toggle_float(dir)
+
+`toggle_float(dir)` \
+Open oil browser in a floating window, or close it if open
+
+| Param | Type          | Desc                                                                                        |
+| ----- | ------------- | ------------------------------------------------------------------------------------------- |
+| dir   | `nil\|string` | When nil, open the parent of the current buffer, or the cwd if current buffer is not a file |
+
 ### open(dir)
 
 `open(dir)` \
diff --git a/doc/oil.txt b/doc/oil.txt
index 8a897c0..8f22abd 100644
--- a/doc/oil.txt
+++ b/doc/oil.txt
@@ -175,6 +175,13 @@ open_float({dir})                                                 *oil.open_floa
       {dir} `nil|string` When nil, open the parent of the current buffer, or the
             cwd if current buffer is not a file
 
+toggle_float({dir})                                             *oil.toggle_float*
+    Open oil browser in a floating window, or close it if open
+
+    Parameters:
+      {dir} `nil|string` When nil, open the parent of the current buffer, or the
+            cwd if current buffer is not a file
+
 open({dir})                                                             *oil.open*
     Open oil browser for a directory
 
diff --git a/lua/oil/init.lua b/lua/oil/init.lua
index 36f16ae..074e0af 100644
--- a/lua/oil/init.lua
+++ b/lua/oil/init.lua
@@ -337,6 +337,17 @@ M.open_float = function(dir)
   end
 end
 
+---Open oil browser in a floating window, or close it if open
+---@param dir nil|string When nil, open the parent of the current buffer, or the cwd if current buffer is not a file
+M.toggle_float = function(dir)
+  local util = require("oil.util")
+  if util.is_oil_bufnr(0) and util.is_floating_win(0) then
+    vim.api.nvim_win_close(0, true)
+  else
+    M.open_float(dir)
+  end
+end
+
 ---Open oil browser for a directory
 ---@param dir nil|string When nil, open the parent of the current buffer, or the cwd if current buffer is not a file
 M.open = function(dir)