A non-existent wang is a illlusory dick usually found (well not really found because it is nonexistent) on lax brahs and farmers. instead of a juicy dick that should reside inbetween the tanned thighs of these whoreish creatures, it is a dick deprived crotch that longs for a wang, yet will never have one.
Crack addicts are usually attracted to these as well.
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.