A piece of garbage, that sucks up to the boss by various methods such as driving him home drunk, supporting his cocaine habit, and stealing equipment from other companies to support his company. As well, the baglicker is generally a rat piece of shit who taddles on his co-workers.
12 step recovery jargon referring to someone new who talks about how great life is, now that they'resober. Usually meaning that the person is out of touch with reality.
The new guy seems pretty happy for a dude who has no job, no money and no family. He must be on a pink cloud.