(Noun) An alcoholic beverage from which a minimal amount has been consumed.
"I found a lot of Calhouns lying around after the party."
(Verb, adverb): To cause spectacular misfortune. To ruin something beyond repair due to ignorance and/or ineptness.
Etymology: Southern United States, with roots primarily in Texas.
Enron. What a calhoun that was.
I got calhoun'd on the way to work. it's my second speeding ticket this month.