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it's all good

A polite way of saying it's okay, usually in a cool/caring manner.
Person A: I am really sorry, but I spilled some soda on your girlfriends gym bag.
Person B: Dude, it's all good. Don't sweat it because we will just use some stain remover to remove any stains on the bag or my girlfriend will just get over it. She needs a new gym bag anyway.
it's all good by SuburbanH October 6, 2021

It's only gay if your balls touch 

A reasurance used toward to guys who are about to, or who you wish were about to, engage in homosexual activity. With just eachother, or with you as well.

It's not true, of course, as simply doing something with someone else can't change who you're attracted to, but with dudes being so afraid to be gay, it's worth a try.

It's also just funny.
Shane: "No way"

Kyle: "Y..yeah"

Figure.10: "Aw.....but remember, it's only gay if your balls touch!"

it's all good

Oh you slept with my girl? It's all good homie!
it's all good by B.I. April 7, 2003

it's all gone pete tong 

it's all gone to hell / everything's gone wrong / all's gone wrong / See movie IT'S ALL GONE PETE TONG
Once the new DJ showed up it all went pete tong

it's all good

Means nothing is bad.

Used in an optimistic sense to show the lightheartedness of something.
-Hey man, sorry about that. I had someone on the other line.
-Oh it's all good.
it's all good by sirrah May 13, 2005

It's all gravy

'Y'allright mate?'
'It's all gravy, pal'
It's all gravy by Nig-nog-attack October 8, 2008