From PEOPLE Magazine Click to enlarge
Make room on the waves: Malibu has a new little surfer dude! On July 7, Matthew McConaughey and his girlfriend Camila Alves welcomed a baby boy. Born at a Santa Monica hospital, the tyke weighed in at a healthy 7 lbs. 4 oz. And his parents? "They're so happy!" says a pal.

Back in January, McConaughey, 38, announced the pregnancy on his Web site, proclaiming, "We are stoked!" His Fool's Gold costar Kate Hudson was stoked for him: "I think he'll be an absolute blast of a dad!" she said.

McConaughey and Alves, 25, have been catching rays from California to the Bahamas since they started dating in '06. Expect junior to embrace their laid-back life. "No doubt about it," McConaughey has said. "My kid will dance. He will be on the beach, and he will be taking hikes with a wild bandanna on."

Will he have a wild name, too? After all, Matthew's older brother Rooster has a son named Miller Lyte. "I told him, 'Don't even try to top me,'" says Rooster. No worries. The couple, who were keeping mum about the moniker at press time, "have decided on a name," says a close pal. "And it's not Bud Lyte!" But if genetics have anything to do with it, one thing is certain, says McConaughey's mother, Kay: "He's going to be a happy child."