A declaration used in parting from company when one is about to retire for the evening to sleep, but not before masturbating.
In delivery, there should be a slight pause between "sack" and "and" to emphasize that what was implied by the first statement was not what was actually intended.
Me: Well, guys... I oughta be getting along. Time to hit the sack... and then... go to bed.
My Company: (moment of dawning... laughs and jeers)
12 step recovery jargon referring to someone new who talks about how great life is, now that they're sober. 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.