Meth, sometimes of the crystal variety, weed, cocaine, Herion, and or any other type of drug bought off the streets from the local drug dealer
My drug dealergave me dat good shit after I gave him $10
by JewishKrabs October 23, 2017
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when someone does something good and/or recieves something good
Person 1- I just got a new job

Person 2- good shit nigga
by Carney12 July 20, 2011
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Better than "good" and "good shit", or even "good lollipop". It is good to the third degree. Not to be confused with a crap flavored candy on a stick, good shit lollipop (correctly spelled with an "i" not a "y")is a compliment of the highest magnitude.
Ex.1 - Shirley Temple: "It's the good shit lollipop..."

Ex. 2 - Kevin: "Hey Rasheed, that chick had a really monster booty, didn't she?"

Rasheed: "Daaaammmnnnn, that is the good shit lollipop!"
by Kvegas February 16, 2008
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Guy 1: OH SHIT SAM! It’s your mom! Better cork yo’ good shit before she sees you smoking that joint!
Guy 2: OH FUUUUCKKKK OKAY
by bootyhoe_76 August 7, 2018
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