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It meant everything's fine and well.

In Hindi, "Tikai babu" means "It's alright, Sir." While India was governed under the British Empire, British airmen picked up the expression and it evolved into its current form. Canadian soldiers picked up the expression from their British allies during World War 2, and introduced it into Canadian jargon soon after.
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People keep talking they can say what they like
But all I know is everything's going tikkediboo
No one, no one, no one
Can get in the way of what I'm feeling
by General Merchandise July 07, 2017
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