1: The feeling reached when someone "Remembers that night in Panama"
2: Described as the feeling of the wetsuit rubbing against the genitalia when exiting the water.
Hey Alexa I just had the Panama Sensation kind of reminded me of that night in Panama damn it was good.
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.