This phrase expresses strong emotions in a relaxed, informal way, often found in casual conversations. She was as happy as anything when she found her lost puppy!
Pro Tip 2/3
Expressive Emphasis
Adds emphasis to an adjective to heighten its meaning without being literal. After winning the game, he felt as brave as anything.
Pro Tip 3/3
Exaggeration
The phrase tends to exaggerate for effect but not to be taken as an exact measure. The cat ran as quick as anything when it saw the dog.