A word coined by streamer/youtuber EdGreenall meaning that something (usually a verb but can be a noun) is just amazing or satisfying in every way.
Example 1:
A. "Hey man I just got two overkill in Halo today!"
B. "Well that's quite Cheddarful when you think about it."
A. "Indeed."
Example 2:
A. "Hey, do you think the capitol building in Washington looks like a tit?"
B. "You know what? I damn well think it does!"
A. "Now THAT is absolutely Cheddarful."
A. "Hey man I just got two overkill in Halo today!"
B. "Well that's quite Cheddarful when you think about it."
A. "Indeed."
Example 2:
A. "Hey, do you think the capitol building in Washington looks like a tit?"
B. "You know what? I damn well think it does!"
A. "Now THAT is absolutely Cheddarful."
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