It is understood to be good.
What up family, I hope your All is Well.
timmy:I just got a gf
jimmy:well put me in a dress and call me susie
timmy:wtf
Depending on the tone of voice, Well Piss can mean... Look who it is, why is this person here or surprised at a comment someone said
"Well Piss! look who just walked through the fucken door! It is Mr. President himself "
" Well Piss, you didn't have to fucken INSULT ME"
"Well Piss, it's that soup sandwich"
NO...
"hey maybe we should have one of the priests go Light Well..." "NO"
A phrase that is commonly used when something interesting, weird, or unexpected happens in a, most likely, occasion.
People would also use it when they have nothing to say when they hear news or info that is either shocking, weird, unexpected or simply just plain out of the blue.
"Hey, have you heard about that interview last night?"
"No? What about it?"
"The interviewee was actually a murderer of a case long ago, but he accidentally leaked evidence of what he did, thus arresting himself."
"Well then..."
Got killed the 15th of November, now a myth.
"Remember when Soul Well was a thing"
"Isn't it a legend?"