Generally a derogatory slur used to refer to young white males that try to act ghetto, but aren't really down, especially preppies that turn wigger after a couple of drinks. Common West Coast (esp. San Francisco) street and law-enforcement slang.
English: "They're acting tough, but they're just a bunch of CAWBs."
Ebonic: "That whitebread CAWB bes jus step up out mah face 'fo he get tossed."
Dee-Boy is a successful pharmaceuticals entrepreneuer. He acquires large quantities of anhydrous cocaine from a major international supplier and processes it into a more conveniently self-administerable form before distributing it to low-income local end users, thus turning a tidy profit.