adjective or exclamation used to describe a situation that is worthy of celebration while at the same time being heinous or awful enough to warrant a "boo".
Stephanie: I got fired today. But hey, now I have more time to work on my novel.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.
"Base we've got some square groupers floating outside of Miami harbor."