Used by immature kids (usually ones that are into the 70s) to describe something either "spiffy", or cool.
This word lines up along with "Golly!" and "Gee Whillikers!"
Kid 1: So, what did you do yesterday?
Kid 2: Oh, man! I saw this car, it was so Flim Flam Flammy my eyes almost popped out of my head!!
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