When you need to get to the point of something. This word is commonly used when you are trying to use 'hip' words with your friends so you won't seem like a complete loser.
Jack: So what do you want to do on Friday?
Lindsay: I have no clue jack, give me the lowdown on what you would like to do
Jack: Lindsay your so hip! Teach me your ways.
12 step recovery jargon referring to someone new who talks about how great life is, now that they're sober. 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.