Someone who is pretty gosh darn swell and multi-talented. A real righteous guy or neato gal. Similiar to the corny phrase all that and a bag of chips, but minus the sarcasm.
Farting. A cute slang for warm little toots, normally done in private or secretly released in the corner so as not to draw attention. First usage in midwestern households as a way to innocently refer to farts in a polite and G-rated manner. The term was popularized by the character BRAK in his epic "I love Beans" song from the show 'Space Ghost Coast to Coast' on the Adult Swim network. (Search: "I love Beans by Brak song") Often, women are thought to "cut muffins" but anyone who has ever LIVED with a woman knows that women do not cut muffins, they release toxic clouds of mustard gas. Only little girls and little boys (and cute pets) cut muffins. In short, to "cut muffins" is to flatulate in subterfuge.
Look at Jeremy over therein the corner pretending to be interested in that painting, ha, bastard is just over there cuttin' muffins. That whole corner is gonna smell like death for the next hour...