How much will sea level rise if all the polar ice melts? There are many movies about global warming, which say that melting of all polar ice would cause the whole world to suffer a huge flood. According my research (teachers, TV, Internet) people hold one of these two viewpoints:


There will be a huge flood, because the polar ice has a huge volume.
There won't be any flood, because the volume of polar ice is small compared to the whole world.


Which one is correct, if all the polar ice melts? What would be the approximate sea-level change (in meters), if this were to happen?
Using the latest numbers from the 2013 IPCC report (Ch. 4, the Cryosphere), Antarctica contains 58.3 m of sea level equivalent (sle) and Greenland 7.36 m sle. Remaining glaciers provide an additional 0.41 m sle. In total and adding very minor contributions from permafrost etc. the total comes out to approximately 66.1 m sle.

EDIT: Just to be complete: If one by "pole ices" also includes sea or other floating ice apart from glaciers terminating in the sea, the contribution from those components to sea level is zero.