When I was in my early 20s I became fond of mixing cream with scotch. Didn't drink it for breakfast, but I drank a bunch of it and had the rubber tire to prove it. I dubbed the mixture of cream and scotch "Crotch," but a bartender's guide told me that it was called "Blood and Sand."
Right now, I have a bunch of great red wine to drink, but perversely I've been drinking an India Pale Ale called Longhammer. I'm also interested in hoochmonkey's idea of drinking when you're flush versus when the wolf is at your door. Love the cognac and the expensive old red wines, but when the chips are down:
Hooch is right, the South American wines are the best buys around. If you can find Falling Star in your area, you can't beat it: Merlot/Malbec or Sauvignon Blanc/Semillon for $5.99 a bottle, screwcap. And if you want the best cheap brandy anywhere, go for a French item called Jacques Cardin. Eight bucks a bottle and it doesn't have that nasty vanilla aftertaste that all the American brandies have.
More later. Gerard just pointed me toward this thread and I was grateful and felt obligated to throw in my one cent's worth.