A quote by the character Kenny Bania from the television series, Seinfield.

It is used to describe a statement full of perceived value or greatness.

It is best used when referring to something that is funny.

Similar to the phrase: "That's classic."
Jerry: "Why do they call it Ovaltine? The mug is round. The jar is round. They should call it Roundtine."

Kenny: "That's gold, Jerry! Gold."
by jahroy June 15, 2013
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The excited response to receiving some incredibly good news or useful information.

Originated by the Kenny Banya character from "Seinfeld" when Jerry gave him some funny material for his stand-up act.
VP #1: The 3rd quarter sales numbers are in. We had our best quarter ever!

VP #2: That's gold, jerry. Gold!
by magoo June 3, 2004
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Taken from an episode of "Seinfeld", this is used to praise something very funny or entertaining.
"Did you read the story about the guy with no arms and legs who wants to enter the PGA tour? That's gold Jerry! Gold!"
by DSBJ March 4, 2003
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