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1.
The opposite of Bad News Bears. When something extremely good has happened or is about to happen.
Monica Lewinski has invited me round for Cigars and Coffee. This is Good News Goats.
by KappaTango July 05, 2011
 
2.
Adj; A positive outcome or future event. When there is a good turn of events. Antonym of Bad News Bears.
You're not having my kid?! That's good news goats!
by Tito January 26, 2005