When you are confused and also pissed (drunk.) A part of the losictionary, a dictionary founded between two friends, Lois and Rosie. Also the song, "Get compizzled a lot... la la la la la la..."
"Damn, You're as compizzled as hell, James!" said Andy, as he saw his drunk friend try and work out why all the lights at the crossing were red.
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.