On page 366 of his lost notebook 15, Ramanujan recorded a cubic contin- ued fraction and several theorems analogous to Rogers-Ramanujan's continued fractions. In this paper, we derive several general formulas for explicit evaluations of Ramanujan's cubic continued fraction, several reciprocity theorems, two formulas connecting V (q) and V (q 3) and also establish some explicit evaluations using the values of remarkable product of theta-function.