Correction : The phrase is 'No Good Deed', contrary to the below person's belief. It means that if you do something good, there's always a consequence.
Say you do something nice for someone, then someone sees that and wants you to do something nice for them. If you decline, you're called selfish, all because you did one good deed for someone.
According to the website Brainy Quote, the idiom "No good deed goes unpunished" is credited to American dramatist Clare Boothe Luce. See the link below.
Additionally, it is also a song in the Broadway show Wicked.
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