The coat you purchase the last year of high school or first year of college/uni. It's the transition coat from your red and blue high school Columbia ski jacket to your sophisticated black swede jacket that allows you to enter your local liquor store without getting ID'd anymore.

a phrase chiefly used in northern England.

it is a contracted form of "it'll be reet", where "reet" means "alright" or "OK".

living your life according to "be reet" is the only way to find happiness in life.