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A CAWP stands for Can And Will Peg. It denotes a woman who gives off the energy that they enjoy the sexual activity of pegging (with them being the one wearing the strap on). The typical example is someone with a more dominate and sultry vibe. The word is pronounced phonetically and sound the same as the word cop. This word is similar to the words thot, milf, and dilf in that they are all are acronyms that are used to describe specific types of people.
Person 1: “Okay honestly like... the Green M&M is def a C.A.W.P.”
Person 2: “ I’m not saying I wanna get pegged or anything but the Green M&M is kinda fucking hot.”
Person 1: “I agree.”