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Difference between Have a good time and Make good time

have a good time—(also: have a good time of it) enjoy oneself:

  • Gosh, he’s always reading now. It’s not my idea of having a good time in vacation.

make good time—(also: make time) accomplish a distance in a short time; travel fast:

  • I was leaping over mounds of snow and branches and I was making good time.