Created by a sick mind when mis-interpreting the words to P Diddys -Diddy track(or wotever it was called)it means to be very stylish to a degree of higher being, or plainly to be down rite cool.
Joe: Yo Ma Nigga You Iz Primpy!
Dave: *Slaps Joe* YOUR A WHITE PERSON WHOS ABOUT AS GOOD BEING BLACK PERSON AS YOU ARE FELCHING YOUR MOTHER!
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.