caufwoot is a 'complete and utter fucking waste of our time". Something that is usually given to you by your boss to make him look good to someone else.
Pronounced "cauf" like coffee, and "woot" like toot.

"The boss says we have to do a full presentation to this client even though they have no money, what a caufwoot"

that was a caufwoot, I can't believe we had to do that.

I am using caufwoot in a sentence and this machine won't recognise it, what a caufwoot!
by GRS June 30, 2007

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