The term 'It's Groovy' can be solved by two five-letter words: 'SCREW' and 'Stria'. The word 'SCREW' is a noun that refers to a cylindrical metal fastener with a raised helical thread that is used to join two or more objects together. The word 'Stria' is a noun that refers to a thin line, streak, or stripe, especially one of several parallel lines. Together, these two words form the phrase 'It's Groovy', which is an expression of approval or enthusiasm.