Used to display the awesomeness of anything you think deserves a commendation or props, like a noun, idea, or action. Conceived as a new, urban slang to use in place of overused words/phrases such as, "cool", "bad ass", and "sick". Can also be shortened as "NUTRIT".

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.

meaning good or appetizing in some way; used in place of words like hella or tight when those words sound out of place.