Quiet possibly the greatest invention ever since the aglet. A swaglet is the little end part to your hoodie strings too keep it all together and so that dirt and other unwanted things don't get in 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.