Friction is good because it provides traction. Friction is necessary for people to stand, or for vehicles to accelerate or break. Friction can also be used to convert kinetic energy to heat or electrical energy. Friction can be bad because kinetic energy is can be lost to friction.
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In situations where you want to create heat or dissipate kinetic energy, friction is usually a good thing. Friction when rubbing your hands together creates heat, which you appreciate, and friction between your brake pad and brake disc slows down your car, which is also a good thing. In situations where you want to maintain kinetic energy or minimize heat, friction is usually bad. Air friction slows down a glider, limiting its range, and mechanical friction in a car rolling on a flat surface causes it to stop without the brakes being applied.
Low friction is slippery high friction has good traction. In the sport of Curling (gliding those heavy granite stones on ice towards a bullseye) one shoe has low friction (to slide on the ice) the other has high friction (to propel the player).
bad-they molest your pet good - they treat him/her good
In mathematics it is neither bad nor good. Elsewhere, it is taken to be good.
good: usful for time managments BAD: uses battery