AWALT is meant to represent some sort of warning as to what a woman will be like. The hypergamy, shit test, etc type behaviors TRP focuses on and uses as a justification for the way they view women are all based out of AWALT.

Now, I've heard it described as "all women are capable of X, therefore be ready for X." Meaning they are capable of cheating or leaving you for someone better; but really, that just opens the floodgates on how meaningless that term is.

All women are capable of passing their state's bar and becoming a divorce lawyer. All women are capable of training to become ninja assassins. All women are capable of being a loving and giving partner. etc.

Should I be prepared for any of those things because of AWALT?

You get the idea.

I think AWALT is totally meaningless and hence why it is an often brought up part of TRP. It is a prime example of how incoherent the philosophy is, and is a great example of how simpleminded the conclusions and "lessons" are.