- When somebody does something (usually accidentally) to offend/hurt/bother/inconvenience you, but you aren't really that offended/hurt/bothered/inconvenienced (or you don't mind it), you respond with "You're good"; basically it means "it's not a big deal" and the purpose is to alleviate guilt or blame of the other person.

- When someone does something particularly industrious, clever or witty, you may respond to them "You're good", with emphasis on the word "good". Generally it is a comment, but can also be a general statement or a concession (see touche).
A waitress accidentally spills wine on a patron at a restaurant.
Waitress: Oh my gosh I am so sorry! So sorry!
Patron: It's fine, you're good!

Pedro (holding a videotape): I have the tape of you getting gangbanged right here.
Lisa (grabs tape out of Pedro's hands and breaks it): Hah! You can't blackmail me now!
Pedro (smiling): Bitch, please you think that's the only one I made? Of course I have another one. You're screwed, bitch.
Lisa: Shit... you're good.
by Laqueshus June 5, 2009
An expression often used as an after-the-fact gesture. Made plainly as to denote a sense of good nature and understanding with one another. Also it is often used in place of "I'm okay".
Customer: "Oh I'm sorry, I thought you liked Duck Dynasty because of the long beard that you have. My mistake."

D.H. "You're good!"
by The MI Shocker December 3, 2013
The world's greatest euphemism for masturbating. Coined by Jeff Foxworthy, of all people.
They give you a plastic cup and a Playboy book, and you take it in the back room and do what you're good at!
by uwg October 15, 2006
The catchphrase of Revolver Ocelot from the Metal Gear Solid series. A sign of high respect and admiration. Given to him by Big Boss in MGS3, then given from Ocelot to Solid Snake many years later.
Big Boss: That was some fancy shooting. You're pretty good.

Ocelot: Pretty.....good.
by Alexander F January 8, 2009
Parents use this quote when they want you to shut up.
Boy: MOM look i planted a flower
Boy: MOM I drew something
Boy:MOM I cooked ceral
Mom: You're a good kid......i guess
by RandomGirlWhoLikesYou May 31, 2019
the nicer way of telling somebody they suck at something that they have just started to do. translates into "you suck, but since you're a beginner it's okay."
Kelly: wow you're pretty good for a beginner!

*wow she sucks, i hope she gets better*
by bekahUNLEASHED February 7, 2010