A loose term used to describe something that could either be "pretty good" or better than "pretty good" but not "great"
Mike- "Like the new wheels on my ride?"
Joe- "Yeah dude, they're pretty ok"
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McGee, one who is good at destroying things, but not as good as the Mighty One; One who says things that sometimes scare people; One who makes a "Tardy" out of several people; Master of "Two Man Enter, one man leave, Ring RING!"; See also Mega
Mega gave head to McGee, The Pretty Much OK.