According to Casey Kasem, according to Neil Diamond, “Cracklin’ Rosie” is a metaphor for for rose wine.
The inspiration had something to do with Alaska (I’m trying to remember something I heard one time 20 years ago). There aren’t a lot of women, and all they have is “Cracklin’ Rosie” to keep them warm.
Dunno if this is related, but there once was (and perhaps still is) a wine called Crackling Rosé bottled by Paul Masson. It was like pink champagne, but less expensive and having less carbonation.