To kill a bottle of booze so thoroughly as to go beyond merely emptying it of its liquid contents. First appears in Frank Zappa's song "Wonderful Wino" from the 1976 album 'Zoot Allures'.
"L.A. in the summer of '69
I went downtown and bought me some wine
Oh, I drank it down under the table
I said: "Watch me now, I'm gonna eat the label!""