I Guess That's Cool Edit Meaning

1.

1)When you are trying to do something in a game. Ususally a bad outcome resulting in being pancaked or hit and run in UT3 or being impact hammered while trying to shock combo.

2)When someone screws you over.

Oh, i just got ran over by the scavanger. I guess that's cool.

Paul: You went to taco bell and didnt tell me? I guess that's cool.

John: I didnt know you were here!

See cool, wtf