Meaning everything is alright, like the warm feeling you get from eating said pudding. Similar to the 90's "Its all good" or "Its all gravy". (pudding however being much more delicious than gravy)
Its all pudding 'till a tube of meat comes flying at you. -Mike Rowe

"Dude, sorry I totaled your car." " I had full coverage man, its aaaallll pudding."
by Seethella October 11, 2009
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