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Wiktionary
floptical

a. (context computing data storage English) Using a combination of magnetic and optical technology. alt. (context computing data storage English) Using a combination of magnetic and optical technology. n. A '''floptical''' disk.

Wikipedia
Floptical

Floptical refers to a type of floppy disk drive that combines magnetic and optical technologies to store data on media similar to standard 3½-inch floppy disks. The name is a portmanteau of the words "floppy" and "optical". It refers specifically to one brand of drive and disk system, but is also used more generically to refer to any system using similar techniques.

The original Floptical technology was introduced late in 1991 by Insite Peripherals, a venture funded company set up by Jim Adkisson, one of the key engineers behind the original 5¼-inch floppy disk drive development at Shugart Associates in 1976. The main shareholders were Maxell, Iomega and 3M.