guy 1: your phrasage sucks
guy 2: no yours does
guy 1: you know what, phrasage sucks as a word
guy 2: it actually isn't even a word
guy 1: oh, let's stop using it then
guy 2: indeed!
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.