Yes, you could get Win95 on floppy, but it DID come on CD. I was a Win95 beta tester, until a few years ago I still had the various builds that got sent out. What made them interesting is they used different writable CDs for each one - the data layer reflected different colors. So on the beta forums we would talk about an issue with the yellow CD, or the blue CD. Then there was one, when we opened up the package to take the CD out, it had the distinct aroma of celery. And it wasn't just us, others commented on the same thing. I now kind of wish I had kept them, although what to do with them all would be the next question. I know some beta testers used the old beta build CDs to make CD clocks.
Win95 on floppy was STILL less disks the Novell Netware 3.15 on floppy! Anyone remember that? I think it was up to about 40 floppies. And building a server only to have it fail to read on disk 38 was everyone's worst nightmare.