A step up from "the cat's pajamas," Sweet action raccoon was coined by two college men who obviously had brains as big as the universe. They wanted their own way of saying "cool." Only the meaning stresses extremely cool. synonyms "off the chain dawg" "bees knees" "cat's pajamas".
Man 1. "Not only did the Cubs win but I got a hot chicks number."
Man 2. That is some sweet action raccoon!