A popular term used in Atlanta. It's used a lot in rap culture. In one of Soulja boy's newest mixtapes (Ignorant Shit) he used in his song That Way (Remix).
The word itself is used to say something is really fly or cool
Soulja Boy: That way, That way, That way
Mess with lil soulja it's gun play (Bow!)
I'm sipping lean no Bombay (no Bombay)
I hit the trap with my Kanye's (Errr!)
That way, That way (Ouuu!)
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.