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2.
a saying to show that u agree or are satisfied with something or somebody
or that you feel good or relaxed
"Hey brian,is that ok with you?" "Yeah,thats kool and the gang."
by Ronan.. August 17, 2007
 
1.
1. description that everything is copasetic, or alright.
Joe, "Hey, you guys ready to roll?"
Mick, "Yup, we're kool and the gang baby."
by Bud E Love May 14, 2003