An interesting alternate universe filled with future investment bankers, swiss watches, german automobiles, lots and lots of weed, and the La Jolla Beach and Tennis Club. Fun. Basically, a mixture of the best qualities of Monaco and Amsterdam.
Bishop's? Isn't that like a school for ultrarich potheads or something?
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.