a reference to bootlegging alcohol
Kinda, sorta. "Mountain dew" is a euphemism for moonshine in the southern US.
The definition of "bootlegging" varies by who you ask. Some say it's any kind of unregulated activity related to alcohol, which can include brewing; some insist it only refers to the smuggling or transport of the finished product.
So, depending on which definition of "bootlegging" you subscribe to, it may refer to that. But "mountain dew" means "moonshine" because most people who make it live in the Appalachian mountains