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you are pretty cool or something they did was cool
Hey John, that was a pretty neat trick!
Sally, you have a very neat personality
What you will always hear from a math instructor online when you learn something new.
Khan Academy Man: "When you plug in the numbers for x, it will give you y. Which is pretty neat."
When something is less then good but not actually bad.
Shinedown is pretty neat for a rock band.