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It means: “Colored People Time” it plays off the stereotype that brown and black communities often run late when they have somewhere to go.
A person of color: “The party is at 6pm”

Other person of color: “Bet I’ll show up at 7:30 then I know you run on CP time
by Rose_den225 January 29, 2021
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Jul 26 Word of the Day
Noun: a friend who is usually only called upon by a friend when a more primary/prominent friend is unavailable.

Taken from the term “second string” in an athletic competition situation. In football, if the star quarterback gets injured during a play, the second string is called off the bench to replace him/her. A “Second String Friend” is essentially benched until needed, if ever.

Synonyms: Plan B, Second Choice, Secondary Friend, Benched Until Needed
I got a call from X the other night. She had an extra ticket to a concert she bought for a friend, but they couldn’t make it so she called me to ask if I wanted to go because I am her Second String Friend.
by Deus-ex-machina August 26, 2020
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2
Cautious Politician Time. When a friend of a candidate for the presidency makes a racist comment while the candidate stands next to them and, instead of saying "That's not cool, Bill," later "clarifies" the comment by inventing a definition that nobody in the history of anything has ever used.
Hillary Clinton: Thanks for the endorsement, Bill. Took you long enough.
Bill deBlasio: Sorry, Hillary. I was running on CP Time.
*much later*
Hillary Clinton: CP Time actually stands for cautious politician time, not colored people time.
by thatduncan April 11, 2016
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