Floyd and Quigley picked up 10 skins and $510,000.
'Man I'm telling you, I am still shaking like a leaf,' Quigley said. 'I had a pit bull for a partner and I knew if I just got him in a spot where he could do his magic, it would happen and he did it again.'
The only other team to win skins was the duo of Tom Watson and Jack Nicklaus. That pair claimed the other eight skins and $260,000.
Those two pairs faced off against Peter Jacobsen, who played with Arnold Palmer, and Hale Irwin, who paired with Gary Player. This year had a new format as the teams played the alternate-shot format.
Nicklaus and Watson got off to a quick start. Watson's approach to the first stopped eight feet from the cup and Nicklaus converted the putt to pick up the first skin and $30,000.
The second and third each were halved with routine pars. At the fourth, Player made an 11-footer for birdie, while Quigley sank a four-foot birdie try to halve the hole and carry over three skins to the fifth.
Irwin had a look at birdie on five from inside four feet, but his putt didn't touch the cup and forced another carry over. Each of the next two holes were halved with birdies.
On the eighth, Watson's tee shot to the par-three stopped 12 feet from the cup. No one else made birdie, but Nicklaus sank that 12-footer for the win and seven more skins and an additional $230,000.
Palmer made par putts on the nine, 10 and 11 to halve each hole. With two teams in for par on the 12th, Quigley stared down a 16-foot birdie effort for the win. However, his putt slid by the left edge.
Watson and Nicklaus combined for a two-putt birdie on 13, but Player tapped in for birdie after Irwin's eagle chip had lipped out and stopped two feet from the hole.
The 14th, 15th and 16th were halved with pars, before the big break through at the 17th.
Watson hit his approach to 15 feet. However, Quigley's second shot stopped within eight feet. With the other two teams having easy looks at par, Nicklaus missed his 15-footer on the right edge.
Floyd seized the moment. His eight-foot birdie putt stopped on the lip before dropping in for nine skins and $410,000. The total was the single-largest amount won on a hole in event history, besting the old mark of $290,000.
Quigley could have closed things out at the 18th with a 22-foot birdie putt, but he ran it three feet by the cup. Two other pairs got up and down for par to forge a playoff.
The teams went back to the 18th tee. Player and Quigley both hit beautiful approach shots within 10 feet of the cup.
Floyd ran in a 10-footer for birdie. Irwin had six feet for birdie and the halve, but his putt rolled by the left edge and the event was over. Floyd and Quigley collected the one final skin and an additional $100,000.
'I've been very fortunate and it worked,' said Floyd of his putter.
With two teams, Palmer/Jacobsen and Player/Irwin, being shutout it was the fourth time in event history that two teams were blanked. This also marked the 15th time in 19 years that the event went extra holes.