A contraction of "cool" and "okie". Here "okie" means "okay". Rarely used but exist on the Internet.
Usually used to express that a given situation is of no concern.
L33tboi: Be right back guys, my bro just walked in with our new Playstation 2. ;)
GeneralKazoo: Cookie, commander. =D
Minibowzor: Woah woah woah, not leaving the game, are we?
A: Sure we won't have to pull out?
B: Nah, it's all cookies.
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