Son: Dad, how is pepperoni made
Dad: Well son, an Italian man makes a Pizza and once he falls in love with that Pizza they bang really hard and then pepperoni is born and that is called Lovaloni.
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.