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'Good stuff' is usually used to replace a commonly known noun in a sentence, if you do not want to keep talking about it directly, or you want to personofy your sentence.

'Good stuff' can be anything from just 'goods' to 'loot', 'drugs' or 'lemonade' what ever the subject of the conversation is. Usually the speaker assumes the listener knows what he is referring to. I´ve heard Kari refer to explosives this way on a Mythbusters episode.

It´s like smurfs using the word 'smurf' to replace any verb in the sentence, 'good stuff' is used the same way; to annoy your listener (if he is not in-circle and so does not know the reference) or to confirm one is inner-circle or to just keep outsiders quessing what is the topic. Or, like in Kari's case, to make a cute, different from usual wording in a situation where everyone knows exactly what they are talking about, and just saying 'let's get the explosives' would just have been boring.

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12y ago
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Q: What does the term 'good stuff' mean?
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