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All gravy, no dry spots 

An elaboration of the term “all gravy.” When something is not just good, but lacks any of the downside or dissatisfaction one may normally expect to encounter in an otherwise positive experience. It is a reference to the use of gravy as a sauce to cover drier foods, and refers to an evenly spread amount of gravy so that while eating the meal one does not find any dry spots where there is no or insufficient gravy.

Can also refer to sex that is good from start to finish.
That trip to the beach was all gravy, no dry spots! So glad the clouds didn’t show up till after we left.

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

its all gravy 

I dropt your paper then you say its all gravy
its all gravy by Anonymous October 24, 2003

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