Old English gōd (with a long "o") "excellent, fine; valuable; desirable, favorable, beneficial; full, entire, complete;" of abstractions, actions, etc., "beneficial, effective; righteous, pious;" of persons or souls, "righteous, pious, virtuous;" probably originally "having the right or desirable quality," from Proto-Germanic *gōda- "fitting, suitable" (source also of Old Norse goðr, Dutch goed, Old High German guot, German gut, Gothic goþs), a word of uncertain origin, perhaps originally "fit, adequate, belonging together," from PIE root *ghedh- "to unite, be associated, suitable" (source also of Old Church Slavonic godu "pleasing time," Russian godnyi "fit, suitable," Old English gædrian "to gather, to take up together").
Irregular comparative and superlative (better, best) reflect a widespread pattern in words for "good," as in Latin bonus, melior, optimus.
Sense of "kind, benevolent" is from late Old English in reference to persons or God, from mid-14c. of actions. That of "friendly, gracious" is from c. 1200. Meaning "fortunate, prosperous, favorable" was in late Old English. As an expression of satisfaction, from early 15c. Of persons, "skilled (at a profession or occupation), expert," in late Old English, now typically with at; in Middle English with of or to. Of children, "well-behaved," by 1690s. Of money, "not debased, standard as to value," from late 14c. From c. 1200 of numbers or quantities, "large, great," of time or distance, "long;" good while "a considerable time" is from c. 1300; good way "a great distance" is mid-15c.
Why then, can one desire too much of a good thing. ["As You Like It"]
As good as "practically, virtually" is from mid-14c.; to be good for "beneficial to" is from late 14c. To make good "repay (costs, expenses), atone for (a sin or an offense)" is from late 14c. To have a good mind "have an earnest desire" (to do something) is from c. 1500. Good deed, good works were in Old English as "an act of piety;" good deed specifically as "act of service to others" was reinforced early 20c. by Boy Scouting. Good turn is from c. 1400. Good sport, of persons, is from 1906. The good book "the Bible" attested from 1801, originally in missionary literature describing the language of conversion efforts in American Indian tribes. Good to go is attested from 1989.