How It Works
"Everything is All Right" works like this. Say that someone insults you — a challenge to your status. You clinch your jaw. You feel angry as fight-or-flight chemicals rush through your veins. Everything is not all right. As you feel the anger expressing itself in your jaw, take the words "Everything is all right." Project them onto that spot. Keep doing it until you have a better perspective of the situation. Then ask, "What's not right?" Try to find what's triggering that response. Be honest. Usually, the ego is demanding something.

There's an advanced version too. Instead of applying those words to the affected spot, you extract and apply the energy of the phrase. Once you master the technique, you can use the energy in many helpful ways, including applying it to the chakras.

Doing this doesn't suppress our emotions. Eventually, that could make matters worse: emotions are energy, and we should express them. What is important is that we act consciously and present them in non-harmful ways, if possible. Express them lovingly — even anger. The key here is "if possible." Emotions come in all degrees, from mild to manic. During an emotional blowout, being nice just isn't possible (unless you're very spiritually advanced).

Some will argue that we need to express all anger as is — without any "love filters." Tyranny exists at all levels, and we need anger to keep it in line. Maybe that's true. When it's successful, it does provide a short-term solution. Yet, anger and violence haven't stopped tyranny and oppression; it has only countered the despots (the forms) that express them. Maybe that's enough. The question is: Is tyranny a permanent feature of human nature, or can we evolve beyond it? If the former is true, then it's reasonable to continue being angry and violent. But if the latter is true (that the human race can evolve spiritually), then a better solution probably exists. As the Dalai Lama put it, "Anger or hatred is like a fisherman's hook. It is very important for us to ensure that we are not caught by it."

Transcending
Psychologically, the point of this technique is to convince the brain that although the threat might be real, it has no ultimate effect on our spiritual self. If you catch it in time, then it won't trigger the chemical dump, or at least it will turn off the faucet or reduce the flow. This effectively counters the body's auto-response system. It's possible that this practice and those like it help shape the evolutionary course of humanity, which includes our physical and psychological makeup. We would be acting as evolutionary agents, nudging the species forward.

If we could maintain a state of consciousness where we wouldn't identify with these bio-chemical reactions, then we would be happy even when our body was feeling bad. Here, we would be giving the Everything-Is-All-Right reality more weight than the bio-chemical reality. Theoretically, if we could fully embody the former reality, then we would be living like immortals, but being well aware of the passing nature of forms, including our own. At this point in human evolution, this state is extremely difficult to reach fully. You would be transcending fear, anger, envy, and the rest. People do progress, though, so you could expect some degree of progress.

For instance, the first plateau of this practice is when you are conscious of a bio-chemical "feel bad" message. Let's say a sense of dread comes over you. Instead of unconsciously accepting it and becoming afraid, you think, "Chemicals are creating bad feelings. I feel bad because I'm identifying with them. Stupid chemicals."

In a way, this is akin to "loving your dark side": Before we can change internally, we need to be aware of the problem. By avoiding the grip of the automated bio-message, we're free to dig and discover what the trigger is. That's why we ask our brain, "What's not all right?"

Lastly, this practice can lead to a deeper understanding of surrender. Surrendering to the universe (or God's will or spirit) doesn't imply hopelessness, helplessness, the dominance of fate, or becoming inactive in life. It teaches us to act, but to remain unattached to the outcome of our actions. This idea is standard in many religions and can make us happy more often. It transforms fate into destiny and destiny into the fulfillment of purpose.

Conclusion
Is everything really all right? From any number of existential and religious viewpoints, the answer is a resounding No. From some spiritual viewpoints, the answer is a soft but sure Yes. And it's possible that both are true. If this is the case, then we can choose which reality will rule our life in the moment.