To dream about a CD signifies that you have a deep-seated need for more entertainment or possibly even a diversion. It represents possibility. Make note of the style of music that is playing within your dream. It you are handing out the CD for free, you could be attempting to spread a message to the person you're giving the CD within the music.
If the initials 'CD' are evident, this could represent something of meaning to you. It could indicate an individual or a play on the word 'seedy,' as in someone or something that is 'seedy.'