Definition
A texting and chatting acronym that is used by someone who's content and happy with how their life is going; phrased as a rhetorical question; similar toALG; can be used sarcastically by someone who's disappointed by life and frustrated.
Origin
slang.net
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See “ALW” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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tldr
Too long, didn't read....