Peach’s floating ability was the first of Nintendo’s many different solutions to the problem of letting players more finely-tune their jumps. It was the direct predecessor of Mario 3's raccoon tail, Mario World's cape, Mario 64’s Wing Cap, (referring to these power-ups’ ability to slow your descent, not to take flight), FLUDD in Mario Sunshine, and even the Glydon form in Mario Odyssey.
The WR holder disagrees. Toad is by far the best character in the game <3
I personally loved Luigi because of his stalling mechanics in the air as well. Peach is 2nd though.