Meaning of the word cracking in English

What does cracking mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

cracking

US /ˈkræk.ɪŋ/
UK /ˈkræk.ɪŋ/

Adjective

excellent; very good (informal, British English)

Example:
We had a cracking time at the party last night.
That was a cracking goal!