I feel like a very crucial “or” is usually left out of that phrase.

Nope, no or is needed. Just ask Nike

These people can never explain what woke actually means but they are told it's bad so they just repeat it

No. It's been explained multiple times. When people got fed up with PC stupid substandard demorhoids began calling it woke circa 2016 in the wake of Cancel Culture.
It was just rebranded Political Correctness. It died a much deserved death during the Sydney Sweeney jeans campaign.
Unfortunately the Hard Left foolishly believe you can rebrand shitty, bad ideas that failed with new names and somehow they will "work" this time. Affirmative Action became DEI. Communism became Progressivism and PC became Wokesterism.

How many hundreds of millions of Dollars did Cap'n Mabel cost Marvel?

So you’re telling me a theatrical release that was meant to be a sequel to two Disney Plus shows and a movie from 2019 that was incredibly mid but still made bank at the time didn’t do very well? I’m shocked.