Cold Drink is a slur used to describe Blacks in a derogatory way. In the South, some Blacks refer to all beverages as "Cold Drinks." For example, "I want some cold drink!"
The word Cold Drink is a racial slur that has been used historically to degrade and dehumanize blacks. The word is still used by some people for this purpose, and it is seen as offensive and hurtful to blacks. If you are unsure about whether or not it is appropriate to use the word Cold Drink, it is best to err on the side of caution and avoid using it in any situation.