a phrase that can be substituted for anything, positive or negative... usually when you feel like irritating someone, "the goods" can be substituted to such an extent that the entire point of the conversation is ambiguous.
Eric: "What did you do with her last night?"
Brian: "You know... i got the goods"
Eric: "You mean she gave you dome?"
Brian: "You know, the goods"
Eric: "What?"
Brian: "The goods!"
The highest compliment one can give to another regarding the character of that person...they are loyal...upright...trustworthy...timely...fashionable...hip...
wise...smart...outgoing...outstanding in character...personable...humble...accomplished...an all around gr8 person.
Yeah buddy, that Gaz is the goods...that ain't no chumpthere..Gaz is the kind of guy I want on my crew.