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1.
Anything good, great, amazing or fantastic.
It is both an expression and a noun.
The opposite of all things bad
ex 1:
"yo I just got with Erin"
"'Uckets!!"

ex 2
(Captain, before sporting event)
"c'mon boys let's get some 'uckets today"
by G-relish January 13, 2008

Words related to 'uckets

amazing awesome duckets good truckets great
 
2.
An Exclamation of anything really good, similar to "Buckets" in basketball. Also defines the good action or object.
"Let's get some 'uckets boys"

(After hearing of a friend getting some ass last night)
"dude I totally tapped that"
"'Uckets!"
by Piece o' Millah September 12, 2007