Named for the famous pornstar G-Wag this is a person who thinks they are a gangster and wags their dick in front of a woman before intercourse.
See Gwaging
Mark: Maria is only attracted to Gwagler s like Joey over there. What a fag.
Joey: Yo, I can't help it if the ho wants me to wag it in front their face yo. No shut up before I pop a cap in yo ass.
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.