When a bunch of inconsiderate people, (usually next door neighbors) let their house party last into the middle of the night and either have the boom box way too loud, rev up their motorcycles or just be obnoxious drunk loudmouths, in general.
I hope that Losers Jamboree next door will be over soon, so I can get some kind of sleep before I have to get up for work tomorrow!
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.