This comes from Fox News, and is supposed to mean "fair and balanced" but usually is used as sarcastically to mean the opposite. This usage has arisen due to the right-wing slant that Fox News has.
"That fight was about as fair and balanced as Fox News."
by Kookus May 31, 2004

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When the other party gets all the favor and thus the situation is biased against you.
I was almost home free with my new stereo when the police caught me and put me on trial with a fair and balanced jury.
by Mike Novak May 28, 2004

The Urban Dictionary Mug

Lotsa space for your liquids.

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The Urban Dictionary Mug

Lotsa space for your liquids.

Buy the mug

The Urban Dictionary Mug

Your favorite word on a white mug.

Create a mug

The Urban Dictionary Mug

One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.

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The Urban Dictionary T-Shirt

Soft and offensive. Just like you.

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The Urban Dictionary T-Shirt

Smooth, soft, slim fit American Apparel shirt. Custom printed. 100% fine jersey cotton, except for heather grey (90% cotton).

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Whilst taking a shit, you go down on your lady friend while she is sitting on the sink in front or to the side of you.
I was dropping a fatty deuce while being fair and balanced with my girlfriend.
by alibabasahib June 24, 2007

The Urban Dictionary Mug

Lotsa space for your liquids.

Buy the mug

The Urban Dictionary Mug

Lotsa space for your liquids.

Buy the mug

The Urban Dictionary Mug

Your favorite word on a white mug.

Create a mug

The Urban Dictionary Mug

One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.

Buy the mug

The Urban Dictionary T-Shirt

Soft and offensive. Just like you.

Buy the t-shirt

The Urban Dictionary T-Shirt

Smooth, soft, slim fit American Apparel shirt. Custom printed. 100% fine jersey cotton, except for heather grey (90% cotton).

Buy the t-shirt