the best of both worlds meaning

[American slang]
a situation wherein one can enjoy two different opportunities. (Typically: enjoy ~; have ~; live in ~.)
  When Don was a fellow at the university, he had the privileges of a professor and the freedom of a student. He had the best of both worlds.
  Donna hated to have to choose between retirement and continuing working. She wanted to do both so she could live in the best of both worlds.

• enjoy the best of both worlds:    [American slang]Go ...
• have the best of both worlds:    [American idiom]to ...
• live in the best of both worlds:    [American slang]Go ...

Examples

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1. she is a career woman and a mother, so she has the best of both worlds.
2. as he mellowed, he joined holmes and the others under the brahmin umbrella, in the belief that boston-cambridge offered the best of both worlds.
3. i like to think she got the best of both worlds
4. then you get the best of both worlds
5. no, you're gettin'the best of both worlds