This is a word that describes cheap wine.
aka: Cheap A$$ Wine... 2 Buck Chuck, Boones Farm, Ripple or any other wine that a person hides in a brown wrapper when they are drinking.
I picked up a couple of bottles of caw to set the mood for the evening.
This wine is designed for those with only loose change to spend when they have spent all the rest of the money on the whore they picked up to share a bottle of CAW with.
When panhandling didn't produce enough to by a bottle of Crystal... the Liq store has a nice bottle of CAW to tide you over until tomorrow when you pick out a new corner and find some new cardboard for another sign.