This can be used when you're feeling a guy or you deadass down for him but he playing. So you can save him in your phone as this or...when talking about him you could say "He's my BBHP".
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.