is all good

Although All good is used as a reassurance word, It can also be used as a way of replying to "Thank You"



it's all good
A polite way of saying it's okay, usually in a cool/caring manner.
Example:
Person A: I am really sorry, but I spilled some soda on your girlfriends gym bag.
Person B: Dude, it's all good. Don't sweat it because we will just use some stain remover to remove any stains on the bag or my girlfriend will just get over it. She needs a new gym bag anyway.


It's all good
Platitude that covers so many emotions and situations that it says little; its only real meaning is that the speaker is trying to rise above whatever problem exists, without expressing their underlying negative emotions. (They might be angry, sad, upset, frustrated, hurt, disappointed, etc.) Often used in a passive-aggressive way. Rarely, used compassionately for someone else, trying to make them feel better. A favorite of inarticulate teens; fills in the gaps between: like, dude, dudette, whatever, so, I dunno, hey, etc.
Example:
Ariel: "I'm breaking up with you."
Campbell: "Whatever. It's all good."


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