Used in the movie "In Her Shoes." Refers to a man who buys a woman a drink in a bar exclusively to get into her pants. "Cuervo" deriving from the popular tequila brand "Jose Cuervo," and "Carl" being a common male name for any douche bag that goes to a bar to pick up women.

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.