Cramer's 'Mad Money Lightning Round': Diageo on the Go

To see the full "Mad Money" Recap, please click here.

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Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Wednesday evening at the University of Virginia in Charlottesville:

Cabela's(CAB Quote): "I thought when gasoline went down in price. ... that it [Cabela's] would take off. It is still at 24. My bad, I screwed up. I got this one wrong ... in Don'tBuy camp." Cramer said he would "much rather see you" in Hibbett(HIBB Quote) or Dick's Sporting Goods(DKS Quote).

Diageo(DEO Quote): "One of my best picks, and not just because I like sitting on my linoleum floor drinking the cheap scotch. ... I think Diageo at 80 bucks goes to 100 ... in the next 18 months." Cramer owns it for his Action Alerts PLUS charitable trust.

Northrop Grumman(NOC Quote): Cramer said that Northrop, Lockheed Martin(LMT Quote) and General Dynamics (GD Quote) are all "terrific." Cramer said the "war's lasted a long time" and that the defense appropriations budget is huge.

Hudson City Bancorp(HCBK Quote): "Inverted yield curve a bad environment. ... If you're gonna be in an investment bank or a bank, I would much rather see you in Goldman Sachs(GS Quote) at $214."

Six Flags(SIX Quote): "I like Mark Shapiro who runs Six Flags very much. ... I like Six Flags at lot more than I like the Redskins' chances."