It's a playful and informal way of saying:
* "Family": It emphasizes a sense of belonging and connection, similar to the American "fam."
* "It's all good": It signifies approval, agreement, or that everything is fine.
Famalam can be used in a variety of contexts, expressing:
* Agreement: "Famalam, I'm down for that."
* Excitement: "This party is famalam!"
* Approval: "That new song is famalam."
* Comfort: "Chill out, famalam, everything will be okay."
Essentially, "famalam" is a versatile term that conveys a positive, relaxed, and inclusive attitude. It's a way of saying that things are good and you're feeling good about it.