Used when something results in a very positive or healthy change for a person or situation. After studying harder, his grades did him the world of good.
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Figurative Expression
It's a figurative way to say something has a very good effect, not that the whole world is literally involved. Her kind words did me the world of good during a tough time.
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Contextual Use
Often used when the improvement is observable by others or is emotionally significant. Seeing his grandchildren did the old man the world of good.