laugh vs good story

laugh and good story both are nouns.

Word	Noun	Adjective	Verb	Adverb
laugh	Yes	No	Yes	No
good story	Yes	No	No	No

As nouns, good story is a hyponym of laugh; that is, good story is a word with a more specific, narrower meaning than laugh:

laugh (noun)	good story (noun)
the sound of laughing	an account of an amusing incident (usually with a punch line)
a humorous anecdote or remark intended to provoke laughter
a facial expression characteristic of a person laughing

laugh (verb)	good story (verb)
produce laughter