noun, plural gravies.
the fat and juices that drip from cooking meat, often thickened, seasoned, flavored, etc., and used as a sauce for meat, potatoes, rice, etc.
profit or money easily obtained or received unexpectedly.
money illegally or dishonestly acquired, especially through graft.
something advantageous or valuable that is received or obtained as a benefit beyond what is due or expected.

1350–1400; 1905–10 for def 2; Middle English gravé, gravey < Old French gravé, perhaps misreading of grané (compare grain spice) < Latin granātus full of grains. See grain, -ate1 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
gravy (ˈɡreɪvɪ)
n , pl -vies
1.  a.  the juices that exude from meat during cooking
 b.  the sauce made by thickening and flavouring such juices
2.  slang money or gain acquired with little effort, esp above that needed for ordinary living
3.  slang wonderful; excellent: it's all gravy
[C14: from Old French gravé, of uncertain origin]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1381, from O.Fr. grané (with -n- misread for -u- -- the character used for -v- in medial positions in words in medieval manuscripts) "sauce, stew," probably originally "properly grained, seasoned," from L. granum "grain, seed." Meaning "money easily acquired" first attested 1910; gravy train (1927)
was originally railroad slang for a short haul that paid well.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Don't add water the moisture from the meat is generally enough to make gravy.
Hollow out potato pile to create a bowl, pour in peas, and top with hot gravy.
Not to be left off the gravy train, big business also pushed through its own
  grab bag of perks in the new legislation.
Speaking of which, let's take our little gravy bowl and slather this plate with
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