I googled banana boat, because I’ve never heard of this.

Can this be right? It looks like a terrible idea for an ice rescue, not that I’d know how to do it right.

I do believe it is a term for high visibility inflatable watercraft in general, much like this:

Speaking of terrible ideas, I saw a sign on a fireworks stand: Great Stocking Stuffers!

I saw the same thing on those tiny bottles of booze they give you in airplanes.