I have come across this phrase recently. What does it mean?
A young man who has read the life story of every eminent athlete of the twentieth century, or a coed who has steeped herself in every social-protest novel she can get her hands on, may very well be learning all there is to know in a very limited area.
Source: 1100 Words You Need to Know
Best Answer
The expression is may very well.
(The be is part of the progressive infinitive verb be learning.)
May here refers to possibility. The young man or the coed may be learning..., but they may not be. It has a higher possibility than might.
Using very well with may (be learning) can mean several things. It really depends on the speaker's attitude toward the action and/or the tone of voice. It could mean the action has a lesser, equal or greater possibility of happening than indicated by may alone.
(From Word Reference, link in same thread as below).
It could be a concession by the speaker:
I concede that there's a good chance that it may rain today, but...
Since the next sentence of your text starts with a but clause, it has this similar concessive meaning.
Lastly, in general terms, it could be used ironically, indicating that the speaker doesn't think it's going to happen:
(Word Reference).