Contrary to popular belief, the term "Cool Beans" originated because of a lawsuit in the early 80's between prior to then unheard of rapper "Kul Bheenz" and Wonder Snax, the Calafornia-based manufacturer of the "Cool Bean Dip Frozen Snak-Pak". an agreement was reached out of court, but due to extensive news coverage, the phrase stuck.
2 - "Cool Beans!"
A prime example of cool beans. High in protein and very low in fat.
Chong: Oh cool beans, man!