There's a discount "gourmet" food-store chain in California that markets some *very* inexpensive wine, and the stuff has developed a decent reputation as fairly good wine easily worth its price and more.
The label name is "Charles [somebody]," but the product is widely known as "Two Buck Chuck." Yes, just $2 per bottle (maybe $1.99). I think it comes in at least two varieties, a white and a red.
Maybe someone in California can fill in more details.