Meaning everything is perfect and going well in your life or current situation. Could be a question or a statement!!
Situation: You are in school and your friend asks you how your

day is going and your reply would be: "Oh it's all good in the hood"
or

Lets say you are on vacation, and you left your friends to watch your home and you want to check on things you could say " Hey are things all good in the hood?"
by Noelle74 April 1, 2010
Get the All Good in the Hood mug.
Everythings cool. Nuthins wrong.
Me and that bitchass shaniqua were fightin, then i bout her sum cheapass chocolates and now its all good in the hood
by Looeez May 10, 2003
Get the all good in the hood mug.
Usually a question or greeting offered to a friend. Variant, however, in that a number of different answers are acceptable depending on the situation. See examples.
1. "Hey Joe, whats good in the hood?"
"Hey hows it going?"

2. "Whats good in the hood, brah?"
"Nothin, dude. Just beer."

3. "Yo Norman, what's good in the hood?"
"To be perfectly honest, not alot. The reading gap between young blacks and whites in urban areas continues to widen due to lack of awareness among political elites. Unemployment's on the rise, stereotypes are being reinforced, crime's on the rise, and rap music is dying."
by Matt A. Brown July 10, 2006
Get the whats good in the hood mug.
means everything is perfect and going well in your life or current situation.
I feel it's really time for me to enroll in the university because my dad hit the jackpot and it's all good in the hood.
by slang lover September 15, 2013
Get the all good in the hood mug.
“It’s all good in the hood” is a phrase people refer to if:

Something has gone wrong but is soon renewed/fixed

When someone feels happiness in “the hood” therefore they feel happy where they are
“Mike, I’m sorry i forgot to bring your lost pouch in today”

“It’s all good in the hood, Jerry!”
Get the It’s all good in the hood mug.