Normally describes a situation, and means brilliant, awesome, cool
I'm gonna travel through Europe this month.
Spanish for brave, 'ballsy', or 'gutsy'. Used to describe one who has testicular or ovarian fortitude. (Since in Spanish the adjective must agree with the noun, you say cojonudo when talking about a male subject or cojonuda when discussing a female subject)
-Look! That woman just rescued that kid from a burning building!
-Ay, ella es muy cojonuda...