I love these comments, but there is a perfectly ordinary situation where it makes sense. You are the host, people have slowed down in their consumption of the wine and you use the given sentence to urge people to drink up.
One might imagine another situation: someone notices that the spouse has been behaving oddly, and asks, "Hm...have you been at the sherry again?"
And the spouse says, "No way! (hic)...There is too much wine in the bottle (hic)!
...there is never too much wine in the bottle (not possible, anyway), but there is often not enough...
There actually can be too much wine in the bottle. If you are a wine maker and have filled the bottle too high so the cork doesn't fit in anymore
Absolutely love these comments, and I agree it is so easily resolved. Salud a todo el mundo.