1. A phrase no one in America understands, probably from lack of bacon.
2. A greeting, as in
"What's new?"
or
"What's the story, morning glory?"
3. An excuse for people to blurt out their favorite word.
1. What's the good word?
American: What?
2. What's the good word?
Man, I just got herpes!
Shit son 3. What's the good word?
Supercalifragilisticexpialidocious!!
A phrase used instead of what the fuck or what the hell when you are in the presence of an adult or little child who you dont want to hear you say fuck or hell etc.
Jimmybob: "Yeah, I wanted to add a word to the urban dictionary, so I searched up 'what word isnt in the urban dictionary', but some dinglehopper put that in there too."