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What does it mean when someone says "you're cool" during a fight?

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when your kinda fighting with someone and you say something and the other person says "your cool" what does it mean. like I texted my friend and started flipping out because she lied to me and she was like wow ok your cool. and my friend was being all cocky about something and my other friend said your cool. so yeah my point is what does that mean? haha