Detecting anomalous hazards in visual data, particularly in video streams, is a critical challenge in autonomous driving. Existing models often struggle with unpredictable, out-of-label hazards due to their reliance on predefined object categories. In this paper, we propose a multimodal approach that integrates vision-language reasoning with zero-shot object detection to improve hazard identification and explanation. Our pipeline consists of a Vision-Language Model (VLM), a Large Language Model (LLM), in order to detect hazardous objects within a traffic scene. We refine object detection by incorporating OpenAI's CLIP model to match predicted hazards with bounding box annotations, improving localization accuracy. To assess model performance, we create a ground truth dataset by denoising and extending the foundational COOOL (Challenge-of-Out-of-Label) anomaly detection benchmark dataset with complete natural language descriptions for hazard annotations. We define a means of hazard detection and labeling evaluation on the extended dataset using cosine similarity. This evaluation considers the semantic similarity between the predicted hazard description and the annotated ground truth for each video. Additionally, we release a set of tools for structuring and managing large-scale hazard detection datasets. Our findings highlight the strengths and limitations of current vision-language-based approaches, offering insights into future improvements in autonomous hazard detection systems. Our models, scripts, and data can be found at https://github.com/mi3labucm/COOOLER.git