A colloquial phrase predominantly used by the millennial and hipstercrowd, referring to an underlying, shared, or assumed understanding between the speaker and the listener. It's used to announce that the speaker had a realization on a previous subject.
Tristan: "oh you know what"
Tristan: "I think I know why"
Tristan: "yup we'regood"
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.