1. (n)A term used in place of a another heavy insult to avoid the trouble associated with the replaced insult
2. (n) A way to describe female masturbation (shortened from knuckle beat)

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.