I'd disagree with the comment that a ToolBar is a Form. A ToolBar is a WINDOW, but the term "Form" is a VB term, and has implications.
If you want to create a floating toolbar without an open form, I believe you'll need to define a form having no controlbox, minimize or maximize buttons, and size the form to surround the toolbar in the toolbar's Resize event.
I'd recommend buying a toolbar like Infragistics' Ultra ToolBar rather than trying to make the pig that comes with VB work.
Pete