an adjective used to describe a movie/a dialogue/a scene/anything which is reminiscent of the works of Quentin Tarantino.

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.

a word commonly referring to a movie or situation that recalls one of the scenes of his (Quentin Tarantino) feature films.

kegdude is correct on the definition but it is a shitty word because Q.T. hasn't done anything good since 1994's Reservior Dogs. Since then his movies suck, including Pulp and especially Kill Bill(s). Q.T. was had so many ass lickers around him for so long that no one dared tell him to pare back the dialog and no one has yet. KBV1 has less dialog, but it is a fucked up movie.