The Ubermensch is Friedrich Nietzsche's answer to the problem of Nihilism. Nietzsche begins his premise with the assumption that God does not exist, and if God does not exist, thus objective morality and inherent value are not possible since there is no ultimate being that exists to create morality and value in the first place.
Nietzsche's Ubermensch will act as his own God, giving himself morality and value as he sees fit according to him alone. The Ubermensch is neither slave or master as he does not impose his will upon others. The Ubermensch is an independent individual who has the power to banish herd instincts from his mind and become a master of self discipline.

Above all, the Ubermensch is the next step in human evolution. Every human must deal with the question "What is the meaning of life"- some say God and Heaven, others say ultimate objective virtue, but the Ubermensch will give life value that is not based on superstition or mystical folly. The Ubermensch finds value in his life experience because it cannot be reasoned out through argument and logic. The Ubermensch would say that the meaning of life is that you die, so make it valuable.

The two states of being are as a human being, or a hungry ghost. Semi-regularly you need to ask yourself which you are. Sometimes it is human. Others, alas, it is hungry ghost.

The hungry ghost seeks validity outside of themselves. Someone pining for an indifferent ex is a hungry ghost. Someone who arrives alone at 6:30 on Saturday night to a pub is probably a hungry ghost. Obsessive checking of mobile phones, chat sites or networks are clear signs that one is a hungry ghost.

The best thing to do is just stay home and ride it out. Read a book. Find some good clean fun.

Nietzsche's concept for "an over man" who overcomes the herd perspective and is capable of creating a new perspective without dogmatically forcing his perspective on others.

One who cares not for the morality of common Untermensch because he introspectively understands what is right and wrong.

The overman, for Nietzsche, did not and could not exist as a contemporary, since he saw himself as living in decadent times incapable of spawning ones who were capable of "standing security for their own destiny." Personally, i would suggest that the Overman would be one who could bear the horror of memory and cognizance of the present while simultaneously retaining the vigor and purpose of those who Nietzsche describes as nobles in "The Genealogy of Morals."

It's "over" man..as in a man in control OVER his own world.

It's not "uber", it's über! And stop pronouncing it "oober".