Spot the Signs. According to Alison Green, who writes the blog Ask a Manager, this is common practice for some industries, especially if you're leaving to work for a direct competitor. However, in those situations, you'll likely know it's coming and can prepare accordingly.
Prepare for It. This one is easy. All you have to do is smile and say "Thank you so much for your support. I've enjoyed my time here and I've learned a lot from you. Let me know what I can do to make the transition easier." Are you always going to get reaction number five? Probably not. But if you look for the signs, you can likely anticipate your boss' response, go into the conversation prepared, and come out stronger on the other side. Then, you can breathe a sign of relief and start looking forward to starting your new position.