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It's cool 

1) Your opinion of a certain thing; be it a movie or a new car

2) Refusal to accept minor gifts

3) Waving off a thank you from peers

4) Telling others to leave it all to you
It's cool bro, I got them
It's cool by Teckkerz October 22, 2011
Related Words

way too cool

Damn she is way too cool for me now.

rate cool 

That guy's car is rate cool.
rate cool by aceshigh1091 March 29, 2008

To school for cool 

To smart to be cool. Recently adopted by nerds/geeks who are comfortable being such. Does not apply to other forms of nerdiness or geekiness ie gaming and glee club.

Stolen and changed from P!nk's "Raise Ur Glass".
Nerd: I hate being uncool.

Geek: We're to school for cool.

Gamer geek: So am I!!

Geek: No, you're an idiot. You too dumb to be as awesome as us.

Fuck The Cool Kids 

Fuck all the trend-setters and people of a "higher status" and do what you want to do. No worries about what they will think of you or say about you.
Person 1 : I really like this shirt, but I'll never ware it outside of the house.

Person 2 : Why not?

Person 1 : I don't wanna be made fun of.

Person 2 : Man, fuck the cool kids.

it's cool 

This can be quite confusing at first because this really means the opposite of cool. When you hear this term, its really not cool in fact it couldn't be more un-cool. Often hearing this means that the person thinks what you just said is totally un-cool, gay and that they are very upset, the person may in fact want to now punch a baby.
Me: Hey can I call you right back, Mike was trying to grill and there is a flaming whore running around in our backyard now. I really need to put her out.

Adeline: It's cool, call me whenever.