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A period of prosperity or happiness.
It's all good times I don't regret any of it!
When you yank off the underwear and play Pin the tail on the donkey with each other.
We were planning to have a good time, but the third wheel fucked it up.
Laying back on the couch, with your girlfriend or best buds, enjoying a large greasy pizza and cold michelob light, while watching a good movie on the tube.
"We just sat in the room and drank beer, ate pizza, watched a movie; you know, a good time."
when your off dipshitting around with your friends, just doing what you dumbasses do.
"I can't believe Jake and Steve stole that sign."
"Yeah, but it was a good time."
can be used as sarcasm for a terrible day, or series of events.
i woke up late, my car broke down, and i got fired. i'm having a good time.
When a bunch of lesbians knock on your door and you open the door and they are having hot sex on your front porch!
Fuck man, it was a total good time when Sally and Monica were fucking eachother right against my front door!