The term Honky Donkey is a derogatory term used to describe an irritating white person or a person of the caucasian phenotype who you just want smack upside the head for their ignoramus stupidity. A synonymous term or a term that can be used interchangeably, in order to hammer the point home, could be: Cracker Jackass.
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.