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1.
Spanish for "pure life."

The law of the land in Costa Rica. The expression is used in many forms, from a greeting, to a synonym for "excellent." Ticos follow this lifestyle and are some of the most wonderful people on earth. A synonym of "hakuna matata." Life is wonderful; enjoy it.
"Pura vida!" (Damn right!)

"Que Me 'Ice Mae, Pura Vida?" (What's up dude, all good?)
by Wart The Dick December 07, 2004
 
2.
Literally "Pure life". Relaxed lifestyle of, relating to, or characteristic of ticos.
Example 1:

María:
¡Hola! ¿Cómo va todo?
Hello! How's everything going?

Carlos:
Aquí, ¡todo pura vida!
Everything's cool!

María:
¡Como me alegra!
Happy to hear that!

Example 2:

Ella es de lo más pura vida.
She is so easygoing.
by Dxniela June 22, 2007