The specific gravity of an object is the ratio between the density of an object to a reference liquid. Usually, this reference liquid is water, which has a density of 1 g/mL or 1 g/cm3.
Water has a specific gravity equal to 1. Materials with a specific gravity less than 1 are less dense than water, and will float on the pure liquid; substances with a specific gravity more than 1 are more dense than water, and will sink.