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good lookin' out 

1. When somebody has your back.
2. When one does a small favor for you.
1. *while playing Halo and your team mate kills an enemy that was about to assasinate you*
You: "Good lookin' out man."
Teammate: "No problem I got you."
2. You: "Dude I need to call into work but I don't have a good excuse."
Friend: "Just tell them you have diarrhea."
You: "Great idea! Good lookin out man."
good lookin' out by Andy Orem August 14, 2008
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good lookin' out 

a phrase used to say "thank you". usually it is for something that has already happend. usually used in a casual context, when someone has done you a favor, but probably not a huge favor
girl: "here's your shirts, i stopped by the dry cleaners on the way home"
boy: "oh thanks babe, good lookin out"
good lookin' out by Olly J March 31, 2005

good lookin' out 

making sure everyone is taken care of. similar to getting someone's back
You really hooked us up man, that was good lookin' out.
good lookin' out by Sun Out Wrong November 14, 2003

good lookin' out 

short for "good job lookin' out for ______ (me, us)

Thanks.
Yo, man, my hair's a rats' nest today. Can, I borrow your Sox hat? Good lookin' out.
good lookin' out by theunknowngl October 16, 2004

that's whats up good lookin out 

1. an expression of approval and thanks for a good deed, OR, 2. can be used in sarcasm to show disinterest in someone's actions or feelings
1. Miss Utility: "I'm not wearing any panties."
Tito: "That's whats up good lookin out!"
or
Danny: "I got laid off today. I need to look for a new job."
Tito: "That's whats up good lookin out?

Good Looking Out 

The act of watching out for someone in their best interest.
Dude 1: Hey man, I saw you weren't in class today. I took notes for you.
Dude 2: Thanks man. Good looking out!

fall out of bed good looking 

A female who has extreme natural beauty that it as though she woke up without having to fix herself up. It takes her no effort to look fine.
Man, Stephanie is sooo hot! She is just fall out of bed good looking.