Cola is the Boy Meets World universe's version of Coca-Cola. The cans themselves are similar in appearance. Cola cans are solid red with a white text stamped on them.
In Who's Afraid of Cory Wolf?, it is rumored that a theif hid five diamond rings in five cans of Cola, making several people buy large quantities of the soda. These people include Alan, Amy, Mr. Feeny and Madame Ouspenskaya.