Archimedes' principle states that the buoyant force on an object is equal to the weight of the liquid displaced, which is crucial for understanding floating and immersion. For a freely floating object, the buoyant force matches the object's total weight, while a partially immersed object experiences additional forces that must be considered. If an object is partially submerged and requires external force to maintain its position, the weight of the displaced water may differ from the object's total weight. When an object has the same mean density as water, the weight of the displaced water equals the weight of the submerged portion. Understanding these nuances is essential for applying Archimedes' principle accurately.