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Coolbags: Expression of acceptability or excellence synonymous with excellent, awesome, brilliant etc., when used in the same context.
Josh: I'm getting a new Lexicon reverb for the studio.
Paul: Coolbags! Can't wait to try it out.
Coolbags by HazenCatteneo March 31, 2011
Related Words

Cool Bug facts 

You dumb fucking cretin, you fucking fool. Absolute fucking bafoon, you bumbling idiot. Fuck you.
Man 1: Hey, wanna hear some cool bug facts?
Man 2: Uh ok?
Cool Bug facts by Gas_Mask69 February 17, 2021

Coobuggy 

Coobuggy is another word for vagina, but cute.
"Babe are you still mad at me?"
"Well I was but you're so cute....."
"Aw come here coobuggy"
Coobuggy by Widdle Munchkin June 27, 2009
A person everyone publicly despises, but personally enjoys hanging out with.
Joe Rogen is a total coolbag - a dick to most people, but kinda fun to hang out with anyway.
coolbag by manfred_spain December 21, 2008

cool bug 

an insect filled with cool juice that wonders around throughout earth. if you’re bittin, you immediately become cooler than cool for approximately 15 minutes. if you notice someone being extra cool, check them for bites.
you think that guy brandon over there got bit by a cool bug? he’s being extremely cool right about now.
cool bug by carrrilllo April 23, 2019

Coolbutt 

Noun. A girl who has a butt that is cool and you would like to be friends with it. a very popular behind.
Hey Alexis, Coolbutt.
Coolbutt by ChrisBecker February 26, 2009