Its a polite term for someone who rips a lot of money at the casino. They usually look 14 and are the usual Ripper Of the month. Winning money is unknown to them
If you ask their family it is not unusual for them to be mixed up with their sister as they look very similar and have similar length hair.
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.