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1. Adjective describing something superb, excellent, perfect.

2. Something done and confirmed. Similar expressions: got it, confirmed, accepted, fine, i'm fine with that.

It is quite a laugh to use that word, as it comes from Mr President or whatever song.
- What'ya think of that project I did last nite?
- Coco jumbo, man. It's fucking great.
by maria m July 02, 2006
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