Pronounced like "Merlot."
Cheap wine one would get from the popular Trader Joe's supermarket. MerJoe is most likely of Chilean or Argentinian origin, but can also include the Two-Buck-Chuck (Charles Shaw) variety.
When it's too cheap to be Merlot, it's gotta be MerJoe...
"We're heading to the Hollywood Bowl tonight, so I have to swing by the Trader Joe's for a few bottles of MerJoe..."