Better than "good" and "good shit", or even "good lollipop".  It is good to the third degree.  Not to be confused with a crap flavored candy on a stick, good shit lollipop (correctly spelled with an "i" not a "y")is a compliment of the highest magnitude.
Ex.1 - Shirley Temple:  "It's the good shit lollipop..."
Ex. 2 - Kevin: "Hey Rasheed, that chick had a really monster booty, didn't she?"
Rasheed: "Daaaammmnnnn, that is the good shit lollipop!"
Ex. 2 - Kevin: "Hey Rasheed, that chick had a really monster booty, didn't she?"
Rasheed: "Daaaammmnnnn, that is the good shit lollipop!"
by Kvegas February 15, 2008
 Get the good shit lollipopmug.
Get the good shit lollipopmug. being full of shit
by AlexanderTheCamel December 13, 2012
 Get the Talkin All That Good Shitmug.
Get the Talkin All That Good Shitmug. by alexandlewis December 1, 2004
 Get the This is the good shit. Woo mama!mug.
Get the This is the good shit. Woo mama!mug. It means to go through a hard experience, be defeated, or humiliated in a very bad way, and yet face it with bravery, not break, and rise again stronger than before.
Jerry has been put through a very hard time with his first writings. They have been criticised, banned from many places, declared a complete waste of time and money. 
Nevertheless, Jerry did not surrender and kept on his work. He reanalyzed his mistakes, fixed them, and his next book became a bestseller.
What Jerry has been put through is what I would call: Eat shit and feel good.
Nevertheless, Jerry did not surrender and kept on his work. He reanalyzed his mistakes, fixed them, and his next book became a bestseller.
What Jerry has been put through is what I would call: Eat shit and feel good.
by Urban_Fellow July 7, 2006
 Get the eat shit and feel goodmug.
Get the eat shit and feel goodmug. Guy 1: OH SHIT SAM! It’s your mom! Better cork yo’ good shit before she sees you smoking that joint!
Guy 2: OH FUUUUCKKKK OKAY
Guy 2: OH FUUUUCKKKK OKAY
by bootyhoe_76 August 7, 2018
 Get the Cork yo’ good shitmug.
Get the Cork yo’ good shitmug. Minecraft hentai is good shit dab dab dab is the new way of saying "DAM THAT MINECRAFT HENTAI IS LIT"
by Ocelidon January 26, 2018
 Get the Minecraft hentai is good shit dab dab dabmug.
Get the Minecraft hentai is good shit dab dab dabmug. 