A combination of the words Confused, Fucked Up and Complicated. It can be used to describe a situation, or a mental state or emotion that you might be feeling. It can also be used to describe friends and pets who are out of whack.
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.