It literally means, 'Good night, Sweet dreams, Take care'. It is used when a person chatting with some one else needs to sign off and go to bed.
by hds2002 December 04, 2015
It is one of the informal ways of saying goodbye to someone. Apparently, this phrase has been derived from a 50's pop song. The person to whom this phrase is being said, says- 'In a while crocodile!'
by hds2002 December 04, 2015