It's a physical reaction that a person has when they get over stimulated or excited when typing, often when someone is in the act of Instant Messaging. It causes the typer to make several mistakes and become flustered, eventually just feeling exhausted and unable to continue typing.
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.