Describes a favourable, perhaps splendid, action or object. Typically pertaining to a reflective thought, but may also be used to describe future events.
Also written as "guzaning".
Believed to have originated from pub styled football chatter, "Reo-Coker for £8.5M is a good signing for the Aston Villa household".
A: "They sent me a backdated cheque of £250."
B: "Sounds like a good signing."