It’s an acronym standing for Can’t Remember A Fucking Thing. It’s usually used to describe embarrassment at being unable to remember someone (CRAFT moment); going onstage as the lead in the latest theatrical performance and your mind goes completely blank (CRAFT situation); the next morning after a night when you got pissed as a fart and woke up in bed cuddling a traffic cone and a string of fairy lights wound round your prick.

Briefly, "the realization that each random passerby is living a life as vivid and complex as your own." Originally from the Dictionary of Obscure Sorrows, which has a lot more beautiful neologism definitions like this you might enjoy.

An April Fools joke made by youtubers, DanIsNotOnFire (Dan Howell) and AmazingPhil (Phil Lester.) It consisted of them making a YouTube channel with one video about arts and crafts.

(verb) To play Starcraft, a real-time strategy computer game created by Blizzard.

Put something together and combine them to make something.
E.g.
Red+yellow=orange

acronym:
Can't
Remember
A
Fucking
Thing

symptoms may include: Questioning ones existance, loss of words, loss of items, repeating previous statements, loss of money, the inability to formulate sentences, repeating previous statements, loss of pants and repeating previous statements.

Originating from the word 'Crafty' and 'to craft. Craft can be used in multiple contexts.

The word can be used to show appreciation for an action or, inanimate object.

Can be used to describe a person as being smart and entrepreneurial in their activities.