A combination of the words alcoholic with being a "ass" plus beverage.
A slang meaning: reckless behavior without thought. typically used as a put down that isn't offensive but descriptive of ones behavior.
" I'm such an Assholic Beverage Tim!, I cant believe i drove the car into a pool."
" Assholic beverage! we should have the night of our lives!"
The act of buying a beverage for an individual/group to make up for being an asshole
She bought the gentleman an asshole beverage after cutting in line at the bar