There’s no question that Wiz Khalifa is living out the American dream. In just over a year, the Pittsburgh, Pa. rapper has released a gold-selling album (‘Rolling Papers’), secured a chart-topping hit single (‘Black and Yellow’), bought a crib and got engaged to bodacious model Amber Rose. If he’s not living the dream, then tell us who is?

Wizzy and his rap crew Taylor Gang are front and center for the Source magazine’s upcoming June issue. Draped in an American flag, Wiz looks like he ready for a Woodstock concert than a rap show. He’s wearing a wild-printed dress shirt, red pants, a frilly vest, glasses and a brim hat. Love, peace and weed, man! Ha!

The Taylor Gang crew featured on the cover (pictured, from left to right) are Oscar-winning rapper Juicy J, model-turned-rapper Lola Monroe and rap newcomer Chevy Woods. We also have to stop and take notice of Monroe’s summery attire, which consists of flowery shorts, an Indian-printed shirt, red bandana and purple stilettos. You go girl!

The magazine talks with Wiz about his newfound success, his motley crew of rappers, the ‘O.N.I.F.C.’ album and his fiancée Amber Rose. Will he reveal when they will get married? We don’t know but he speaks fondly of his blonde-haired boo. “We’re like way better friends than we’ve ever been,” Wiz says. “We’re at the best point in our relationship … does my business well when the home life is right.”

This is Wiz’s second front-cover appearance with the Source magazine. He shared the November 2010 cover with Rick Ross for the magazine’s Year-End issue for which he was crowned “Rookie of the Year.” Wiz is certainly no rookie today, as he’s one of the top rappers in the game.

Along with the Wiz feature, the new issue also boasts interviews with B.o.B and Odd Future as well as a report on the Trayvon Martin murder case.

The Source’s June issue will hit newsstands on May 8.