Here is a paragraph element containing two left-floated images. The images all fit within the paragraph, and line up next to each other.
Here is a paragraph element containing a left-floated and a right-floated image. The images float to the opposing margins, and the text flows between them.
Here is a paragraph containing a left floated image, and then another left-floated image later in the text. The second image floats left until it "hits" the first image, and then stops.