Floor glitch
The Floor glitch is a glitch that requires Meta Knight on a custom stage. On any custom level, make a row of normal blocks. Directly underneath them, put thin panel layers that you can jump through, so that they are hugging the bottom. Use Drill Rush and aim it into the bottom, when you are inside the wall/floor, attack it with moves such Mach Tornado, etc. This can also be done by Marth by using his up b.
An extension of the floor glitch is the shuttle loop glitch, in which you use a Shuttle Loop to go through the floor. When you are underneath the floor, jump up till your head is touching the bottom of the floor. Immediately do a shuttle loop, and you should go through the floor. Doing this will sometimes teleport you a small distance horizontally. It is not yet known how to control this.
As a side note, assuming this glitch is supposed to place your character inside the row of blocks, there is a much easier glitch. On a custom stage, select the techno/mechanical theme. Next, make a row of the white, cylindrical drum shapes horizontally. Above these, make a row of standard blocks from left to right ending about half way across the drums (or as long as you wish, allowing for additions.) At the end of the blocks, place a stair case joining the top of the blocks to the drums. (Assuming you went left to right, the top of the staircase should be left, and the bottom, right.) Now, if you get a run-up from the right of the drums, you should pass through the staircase without climbing up it and be on top of the drums under the blocks. Notes: this glitch was performed on one of Nintendo's "Stage of the day's" using Kirby. Yoshi is also able to perform this using the Egg Roll, but since the CPU achieved this I am unsure whether he can actually run through it like Kirby can.