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It's gravy

When something is overly great. Almost like when you coat mashed potatoes in gravy. IT'S DELICIOUS!!!! AND FANTASTIC!!
TIM-"Man, John, wasn't that movie awesome?"
John-"Don't you mean it's gravy,Tim?"
Tim-"What does that mean?"
John-"Well Tim, I'm glad you asked. Because it means when something is overly great. Or fantastic."
Tim-"Oh yeah! it's gravy!!!"
John-"Yes it was Tim. Yes it was."

It's all gravy

Gravy is a sauce made from the juices of meat or vegetables and enhances the flavour of a meal. In poorer times, to have gravy on your meal is a sign that you have sufficient meat and vegetables to make such a nice meal. Hence the phrase "on the gravy train" meaning that ones life was well supplied with good things, usually money.

"It's all gravy" therefore means that there is an abundance of good things in the given circumstance.

It should not be taken to mean that there is no problem or that a situation is liked, specifically. Those things may follow but are not necessarily connected.
A: We just secured a lucrative contract with the supplier with an open ended term.
B: It's all gravy from here on, boys.
It's all gravy by arseburgers March 11, 2013

it's all gravy

It's all gravy : It's alright; it's all good; everything is cool.
Gangster 1: Damn you spilled yo 40 on yo timbs!
Gangster 2: It's all gravy chill son!
it's all gravy by Joel and Amy February 19, 2003

It's all gravy

'Y'allright mate?'
'It's all gravy, pal'
It's all gravy by Nig-nog-attack October 8, 2008

it's all gravy

1. "It's all good"
2. A random phrase
3. "Ehh who cares! It's pointless/it's all the same!"
1. Yeah, man, it's all gravy.

2. Bob: It's all gravy!
Lara: Ok...

3. Ehhh who cares! It's all gravy!
it's all gravy by the sane maniac January 31, 2004

it's all gravy

everything is cool ... equivalent to no worries
friend one: aye blood that niggah is talking shit about you
friend two: it's all gravy fam, he don't know me
it's all gravy by tha professor November 19, 2003