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2 definitions found
 for Good Thing
From The Jargon File (version 4.4.7, 29 Dec 2003) :

  Good Thing
   n.,adj.
  
      [very common; always pronounced as if capitalized. Orig. fr. the 1930
      Sellar & Yeatman parody of British history 1066 And All That, but
      well-established among hackers in the U.S. as well.]
  
      1. Self-evidently wonderful to anyone in a position to notice: ?A language
      that manages dynamic memory automatically for you is a Good Thing.?
  
      2. Something that can't possibly have any ill side-effects and may save
      considerable grief later: ?Removing the self-modifying code from that
      shared library would be a Good Thing.?
  
      3. When said of software tools or libraries, as in ?YACC is a Good Thing?,
      specifically connotes that the thing has drastically reduced a programmer's
      work load. Oppose Bad Thing.
  

From The Free On-line Dictionary of Computing (18 March 2015) :

  Good Thing
  
      (From the 1930 Sellar and Yeatman parody "1066
     And All That") Often capitalised; always pronounced as if
     capitalised.
  
     1. Self-evidently wonderful to anyone in a position to notice:
     Trailblazer's+19.2+K{baud">"The Trailblazer's 19.2 K{baud PEP mode with on-the-fly
     Lempel-Ziv compression is a Good Thing for sites relaying
     netnews".
  
     2. Something that can't possibly have any ill side-effects and
     may save considerable grief later: "Removing the
     self-modifying code from that shared library would be a
     Good Thing".
  
     3. When said of software tools or libraries, as in "{Yacc is
     a Good Thing", specifically connotes that the thing has
     drastically reduced a programmer's work load.
  
     Opposite: Bad Thing, compare big win.
  
     [{Jargon File]
  
     (1995-05-07)
  

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