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The Hoverboard is a Powerup introduced in the Back to the Future Level Kit, that lets Sackboy hover above the ground slightly. Like the Hook Hat, the Hoverboard allows Sackboy to traverse along Bendy Rails. Apart from that, the Hoverboard lets Sackboy jump higher and move considerably faster, (even faster than OddSock), but also has far less traction after letting go of the Left Stick while moving. Slopes are also much easier to deal with when equipped, and it even allows Sackboy to go up walls for a very brief period, similar to OddSock.
Despite hovering above the ground however, Sackboy is still vulnerable to hazards lying on the ground, and the Hoverboard seemingly deactivates if Sackboy lands in a pit of danger, or falls into Water.