When you have just gorged yourself silly at breakfast lunch or dinner and stand up to announce to your dinning company that your "full bloated"

Accepted commonly in redneck circles as compliments to the cook.

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.