Meaning of “one, two, etc. down, one, two etc. to go.” in the English Dictionary

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"one, two, etc. down, one, two etc. to go." in British English

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one, two, etc. down, one, two etc. to go.

an expression that is used to mean that you have done or dealt with the first, second, etc. of a series of things and have yet to do or deal with the rest:

"How are your finals going?" "Two down, three to go."

(Definition of “one, two, etc. down, one, two etc. to go.” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)