The phrase references promotional pricing on alcoholic beverages offered by establishments in close proximity to an individual’s current location, specifically on the day of the week designated as Thursday. This typically involves reduced costs on specific drinks, such as discounted cocktails, beers, or wines. For example, a local bar might advertise “$5 margaritas all day Thursday” to attract customers.
The prevalence of such offerings stems from businesses seeking to boost revenue during a traditionally slower business day preceding the weekend. These promotions provide consumers with opportunities for affordable socialization and relaxation. The practice has evolved over time, influenced by market competition and changing consumer preferences for value and experiences.