adj. Mostly used in the context of it's good, great or delicious. It may also be used in the context of if something is without hassle or without a problem. Gravy has very chill undertones so it wouldn't be used, necessarily, to describe something very exciting or in an exclamatory way.
If something is better than gravy, it is 'gravy on eggos,' by the way. Sometimes 'gravy on rice' is used in place of that , but you can put gravy on anything and it means everything is great, ok and without problem to the max. 'Gravy on potatoes' is a good one too...
"Hey, sorry about accidentally knocking over your favorite vase, man."
gravy - 1)n. a liquidy substance commonly used as topping and/or sauce on various cooked meats i.e. "Would you like some gravy on your turkey?" 2)adj. signifying that something is cool, okay, all good, fine i.e. "It's all gravy, baby"
Gravy is and italian american specialty(usually in new jersey and new york) that really just means tomato sauce. What's makes gravy gravy and not sauce is that it is cooked all day with braised meats. The meats include pork, veal, and beef. Meatballs, brachiolle, veal shanks, sausage, and spare ribs can all be found in gravy. Other words to go with gravy are gravy meat, and sunday dinner. Gravy is served every sunday around 4, and it is enjoyed with family, friends, good wine, espresso, and a shot of sambucca to end the night.