Is the caloric theory of heat true?

This theory is part of the CXC CSEC Physics and is used to illustrate the scientific method. This article gives a useful view of the topic and the nature of scientific theories. Here is a short extract:

"...in the late 1700s there was a theory of heat known as caloric. The basic idea of caloric was that it was a fluid that existed within materials. This fluid was self-repellant, meaning it would try to spread out as evenly as possible. We couldn't observe this fluid directly, but the more caloric a material has the greater its temperature.
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The basic assumption of a 'heat fluid' doesn't match reality, but the model makes predictions that are correct. In fact the caloric model works as well today as it did in the late 1700s. We don't use it anymore because we have newer models that work better. Kinetic theory makes all the predictions caloric does and more. Kinetic theory even explains how the thermal energy of a material can be approximated as a fluid."