The term 'Milwaukee Draft Pick' refers to the Pabst Brewing Company, which is a five-letter word. Pabst Brewing Company is an American beer company founded in 1844 by Jacob Best and is now owned by the Pabst Brewing Group. It is one of the largest American-owned breweries and is known for its iconic blue ribbon logo. The company produces a variety of beers, including the popular Milwaukee Draft Pick.