Another way of showing you are impressed/proud/excited by someone elses actions.
Often used in a father to son chat about something the son has done well (maybe at school).
"Nice one mate!" & "Well done son!" may also be used
Son - I got in my first fight at school today dad!
Dad - Did ya, good on ya son. Did you win??
To administer hand relief to one's self at a furious, breakneck pace.
"Don't go into Dave's room for a bit, he's having another FULL SPEED ALONE".