“Its all good” means: You've just fucked up beyond all comprehension and belief , I'm never speaking to you again.
- (After spilling a drink or driving over a dog) 'sorry sorry'
- “It's all good”
An appropriate response after refusing the offer of help, being helped anyway and situation becoming worse. Or anticipating another's error, offering to help, being turned down and then observing tragic and/or comical behavior play out.