Best guess is (and by guess I mean I'm 99% on this) is Effloresce Antique by Typodermic Fonts. At first I thought it twas custom due to the its freewheeling and laissez faire "I'm going to drink milk from straight from the carton" attitude of each character but as the tasteful erosion occurs in the same area on each letter it's definitely a font that's been lovingly chopped and screwed.
Mostly available on dafont but I found another cut floating around my HD. Enjoy!
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