It’s exactly what you think it is. As is said in the unreliable but lively Encyclopedia Dramatica:
Punditslash is as scary as it sounds. It’s a small, tight-knit group of bleeding-heart liberals/Daily Show fangirls in their late teens who write NC-17 slash fanfiction involving cable news personalities—Anderson Cooper, Keith Olbermann, Tucker Carlson, you name it.I name Andrew Ference, Dan Patrick, Jake Shears, Dan Abrams, Bill Hemmer, Sanjay Gupta, Chris Matthews, Paul Begala, and Max Kellerman. I think. But mostly, what this community writes about are Anderson Cooper, Jon Stewart, and Stephen Colbert. And if they were ever a small group of teen fangirls, those days are past—just look at all the names.
If you’d like to sample the product, start here and work your way forward. The links in parentheses at the ends of posts are usually fiction. It’s polite to give feedback on stories, as long as your feedback is polite. While you’re there, keep an eye out for ch-ch-ch-chad’s icon. I’ve gotten so used to fanfic writers using a little cheesecake photo of their favorite character that it took me several passes to notice who that was.
I’m assuming you don’t want to hear about George Bush fanfic? Right. Didn’t think so.