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“Good to go” is a general phrase you can use to mean that there is no problem. For example, if you’re checking into a doctor’s office and they ask you to fill in some forms, provide some documents, and sign your name. You do everything they ask. The receptionist says thanks, “you’re good to go.” That means, there’s no problem; there will be no delay with what you’ve done.
Netflix will crack down on password sharing. Any device not connected at home might need to be authenticated. If you try to connect on a device you frequently use at home, you’re good to go: there is no problem. But if you try to connect with an unfamiliar device, you will need to use an authentication code.