Originally an Australian term for a hot dog sausage (saveloy) battered and deep fried, commentary of the 2000 Olympics Men's Gymnastics by Australian comedic duo Roy & HG on "The Dream" redefined it as a move where a (male) gymnast leaps into the air, lands in a push-up position and touches his groin to the floor - thereby 'battering' his 'sav'.
See also: flat bag, hello boys, dutch wink, crazy date, party date, spinning date
.. and the russian gymnast lands the double corkscrew, now he batters the sav... yes, that was a nice battered sav, straight into the crazy date
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.