It definitely doesn't mean 'story'. The homophone of this word meaning 'story' is spelt 'tale' ( not 'tail'). I agree with Greg that it's a sexual reference - it means that it's a good place for picking up girls.

Probably more context is needed, Dan. This is one interpretation... 'tail' is slang or argot for girls when you are trying to pick one up as a partner. It's a little derogatory and usually has some form of sexual reference. For instance, one male to his friend may say, "I hope to get some some tail tonight" ie He hopes to pick up a girl with hope for "more". I mention this meaning, because that's the only one that comes to my mind just on what you're written. It sounds to me he could be saying "You can really get some "action" here. ie. He *thinks* the chances of getting a girl here is high.