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good-time (adj.)

1928, from the noun phrase, from good (adj.) + time (n.). Expression to have a good time "enjoy oneself" attested from 1822; earlier have a good time of it (1771). To make good time "go fast" is from 1838. In Middle English, good time was "prosperous time," also "high time" (that something be done).

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Definitions of good-time from WordNet

good-time (adj.)
occupied with or fond of the pleasures of good company;
he was a real good-time Charlie
Synonyms: convivial
From wordnet.princeton.edu