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1.
Meaning "that's the best" or, "that's some amazing shit right there".

Can also mean "all inclusive", in some contexts
1) Steve: I just made myself some blueberry Pop Tarts in that toaster.

Andy: Man, that shit's the gear!

2) "Come on down to our soup kitchen! We have minestrone, chicken noodle, all the gear!"
by Rome_Leader April 24, 2009

Words related to the gear

awesome cool gear great sick