Happiness is an activity, not a feeling or a possession
Aristotle argues that eudaimonia, the highest human good, is best understood not as a passing emotional state but as an ongoing activity: living and acting well, consistently, across a complete life. He explicitly separates it from pleasure, which he treats as often accompanying good activity but not identical to it, and from external goods like wealth or honor, which are valuable only as means or byproducts, never as ends in themselves.
His reasoning proceeds by elimination: pleasure alone can't be the highest good because pursuing it directly and exclusively (as in a life devoted purely to bodily gratification) seems to degrade rather than elevate a person; wealth is only ever pursued for the sake of something else; and honor depends too much on the opinions of others to be a stable foundation for a good life.
By defining happiness as activity rather than a static condition, Aristotle sets up his entire ethical project as fundamentally practical: the question of how to live well cannot be answered by acquiring the right things, but only by consistently doing the right things. Takeaway: a good life is something you do, not something you have.