This phrase is a play on the traditional saying 'all (someone's) eggs in one basket,' which means to risk everything on a single venture. By substituting 'whiskey barrel' for 'basket,' it humorously suggests putting all of one's resources, hopes, or efforts into a single, possibly risky or unconventional, endeavor—especially one related to whiskey or alcohol. It can imply a lack of diversification and increased risk, with a playful or colloquial twist.