look up any word, like dirty sanchez:
 
1.
Meaning something is cool or awesome. It is used in todays english language by many young teenagers and older people.
Akon: Ayyoo Nick, we're gonna hit the studio around 9am tomorrow to start recording.

Nick: Coolybop! I'll see you at 9.
by CUNextTuesday Miss Puff January 15, 2011