Unspoken understanding or respect among men.

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.

The term used when you are accepting an event/situation for what it is, but still have to stress the principle of the matter.

A reason for choosing a particular course of action when other, clearly less selfish or stupid options were available to you at the time. Most often, these other options include not committing that particular act in the first place.