A period of time spent doing some pleasant, enjoyable or entertaining activity.
Let the good times roll.
A good time was had by all.
1 more example
Q: Did you have a good time at your friend's wedding reception? A: Yes, it was a good time for everyone.
2
The reduction of a prisoner's sentence for good conduct while imprisoned.
Sex on female units is treated as a "disgusting and degrading practice," and women have lost accrued good-time and gone to solitary confinement for as little as a peck on the cheek.1984 August 18, R. L. Richardson, “Women In Cages”, in Gay Community News, volume 12, number 6, page 7:
3
A suitable time; a suitable occasion.
When is a good time for you?
Is this a good time?
3 more examples
There's never a good time for [X].
It's always a good time for [X].
How can the unions - or more specifically the RMT - possibly think this is a good time to exert a bit of industrial muscle and indulge in strikes both on the national railway and the London Underground?2022 January 12, Christian Wolmar, “A new year... but the same old mistakes are being made”, in RAIL, number 948, pages 40–41:
Who enjoys pleasurable activities without regard to the consequences.
Used only before the noun qualified
Since first tossing its cartoonish, good-time cock-rock to the masses in the early ’00s, The Darkness has always fallen back on this defense: The band is a joke, but hey, it’s a good joke. With Hot Cakes—the group’s third album, and first since reforming last year—the laughter has died. In its place is the sad wheeze of the last surviving party balloon slowly, listlessly deflating.2012 August 21, Jason Heller, “The Darkness: Hot Cakes (Music Review)”, in The Onion AV Club: