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Wiktionary
drink up

vb. to finish one's drink.

WordNet
drink up

v. drink to the last drop; "drink up--there's more wine coming" [syn: drain the cup]

Usage examples of "drink up".

I think he started to drink up his cold coffee, and then wanted a spot of liqueur to take with it.

Puddles were linked by rivulets, and the nearly frozen ground could drink up little of the flood.