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2.
Used to mean that everything is alright.
Vincent paid for breakfeat.

Jules: , "Hey, that's cool and the gang!
by redbuda April 24, 2003
 
1.
Cool and the gang is a term used to describe a state beyond cool. You are so relaxed, cool, and calm that you are almost surreal.
1 - "Hey man how are you?"

2 - "Yo brotha! Im cool and the gang!"

"Tonite i'll be cool and the gang, you just wait"
by Alex May 31, 2004