A set of circumstances, activities, or feelings that you would describe as "chill" or "cool", otherwise known as having a good reputation with you personally.
This is a phrase originating in Victoria, British Columbia, where it has all but replaced the phrase "that's chill" or
"that's cool".
Friend A: ...what's good my broski
Friend B: ...nada, just smokin' it up and watching the gongshow of the leaf games
Friend A: ...that's rep