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“Alive and well” is an idiom you can use to describe something that still exists, and is doing well, despite challenges.
Use this expression with things that might be expected to be dying or in decline. For example, the penny (the one-cent coin) in the U.S. costs 2.7 cents to make. Many people don’t like using coins. And its value is declining. You might think that the penny’s use is in decline. You might think that people want to eliminate it.
But the penny is alive and well: that means it still exists and, in fact, is doing well. The U.S. mints billions of new ones every year.
If you’ve missed a few days of work due to illness or injury, you might come back into work and say, “I’m back, alive and well.” That is a funny, lighthearted way of saying you’re doing just fine (after having a hard time).
Are vinyl records dead? With music streaming and CD’s, you might think nobody wants vinyl records anymore. But the small industry is alive and well. Even modern artists release new music on vinyl and superfans buy records in specialty stores.