We demonstrate that a three dimensional time-periodically driven lattice system can exhibit a second-order chiral skin effect and describe its interplay with Weyl physics. This Floquet skin-effect manifests itself, when considering open rather than periodic boundary conditions for the system. Then an extensive number of bulk modes is transformed into chiral modes that are bound to the hinges (being second-order boundaries) of our system, while other bulk modes form Fermi arc surface states connecting a pair of Weyl points. At a fine tuned point, eventually all boundary states become hinge modes and the Weyl points disappear. The accumulation of an extensive number of modes at the hinges of the system resembles the non-Hermitian skin effect, with one noticeable difference being the localization of the Floquet hinge modes at increasing distances from the hinges in our system. We intuitively explain the emergence of hinge modes in terms of repeated backreflections between two hinge-sharing faces and relate their chiral transport properties to chiral Goos-Hanchen-like shifts associated with these reflections. Moreover, we formulate a topological theory of the second-order Floquet skin effect based on the quasi-energy winding around the Floquet-Brillouin zone for the family of hinge states. The implementation of a model featuring both the second-order Floquet skin effect and the Weyl physics is straightforward with ultracold atoms in optical superlattices.