Green’s Dictionary of Slang

silk and twine n.

also string and twine
[rhy. sl.]

(US) wine.

[US]T.A. Dorgan in Zwilling TAD Lex. (1993) 73: Silk and twine — that’s wine.
[US]A.J. Pollock Und. Speaks n.p.: Silk and twine/String and wine, wine.
[US]Maurer & Baker ‘“Aus.” Rhyming Argot’ in AS XIX:3.
[UK]J. Franklyn Dict. Rhy. Sl.