To be used when things go extremely well with someone or something, for example, with someone of romantic interest. To wipe him or her down is a very good time indeed.
Stephen: So Travis, are you excited for your hot date?
Travis: Heck yes I am. I'm feeling pretty dang good, I'm totally going to wipe it down.
Stephen: (with an approving nod) That Travis, he's so hot right now.
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