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living the knoxville dream 

being paid for being a total jackass
some dude: hey did u here about craig's new job
other dude: oh yeah didnt he get paid for pissing in that guy's cup
some dude: yeah man, he's sure is living the knoxville dream

Living the white man's dream

A care free, content lifestyle. Needing nothing.
How's it going? Not bad! Living the white man's dream.

livin' the dream 

Taking a massive shit on company time, knowing damn well that there is nothing better that you could be getting paid to do
Manager: Where have you been for the last 45 minutes?

You: Just "Livin' The Dream"
livin' the dream by ZeSquizz February 18, 2011

Livin' the dream 

When one lives at a friend's house for an extended period of time and contributes very little to nothing financially.
James: I came home from work at 3 p.m. and Sean was still sleeping on the sofa next to a half-eaten bowl of Starbursts.

Mark: Dude, he's livin' the dream.
Livin' the dream by Dream_Weaver December 22, 2008

Livin' the dream 

Phrase-word describing the act of doing something that has relative significance to you and your closest companion that would seem pathetic and sad to most other people.
Sitting in the back parking-lot of a Japanese restaurant, John pours stolen vodka into a vitamin-water bottle.
Sally: We livin' the dream!
Livin' the dream by hellzyeah December 9, 2008

livin' the dream 

A good response to "how are you?" If you're really livin' the dream, hold your right hand up in a "rokk!" symbol (same as sign language for "I love you"). If you are hyper-livin', hold up both hands.

Can be shortened to "livin' it."
Q: Hey, Gina, how are you?
A: I'm livin' the dream.

Q: Baby Helen, what's up?
A: (both hands up in "rokk!" formation) Livin' it!