When the the phrase "cool beans" is said, it usually means "cool" but its even cooler to add the beans. Also said when one is telling a story and when is done you don't really care so you just say "cool beans"
kid 1: "YA then we went swimming"
YOU: "Cool beans."
or
kid 1: "you know what sucks?"
YOU: "what?"
kid 1: "my gf dumped me"
YOU: "cool beans."
(a way to lose a friend quickly)
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