An extremely fortunate situation, comprising of a group of two or more single and available females. Especially related to girls attracted to other girls, or overwhelming nudity.
$14k a year sleepaway camp for JAPPY girls from NY. Girls at this camp can be seen wearing golden goose (ggdb) hard tails, sugar lips, the camp spot apparel, aviator nation, free city, Cartier and van cleef. You'll only fit in if you're JAPPY and have been there for years. Boys on the other hand only play lacrosse and hockey and have massive egos. Kids at camp hookup every night with the opposite gender by sneaking out.
Obviously it's a play on the name of a famous muscle car (the Pontiac Bonneville) though it refers to neither muscle nor car, but a very stifferection that steers its owner wherever it wants to go (to a nice warm parking garage of course).