In foreign relations, the policy of mainting equal distance from the policies of other nations.
This can be to avoid conflict or to gain an advantage in terms of concessions from other nations in return for your support.
Italy maintained a policy of equidistance from 1933 to 1936 by cooperating with Britain and France while tolerating German revisionism of the Treaty of Versailles committing to neither blocs interests.
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.