A noun used to refer to someone who is a complete twunt. The word is inspired by an internet user who usually used the username "nocashvalue". He was retarded enough to get this name off a coin that says "NO CASH VALUE" on it.
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.