Green’s Dictionary of Slang

port and sherry adj.

[rhy. sl.]

1. fine, well [= jerry adj.2 (2)].

[US]A.J. Pollock Und. Speaks n.p.: Port and sherry, are you jerry?

2. wise [= jerry adj.2 (1)].

[US]Maurer & Baker ‘“Aus.” Rhyming Argot’ in AS XIX:3.