Etymology
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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).

updated on October 10, 2017

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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
Etymologies are not definitions. From wordnet.princeton.edu, not affiliated with etymonline.