Derogatory term for a liberal activist, implying that s/he is a lunatic. The opposite of wingnut.
Conservative Jones, Boy Detective: You're just in time. My colleague, Glenn Beck, has brought a mystery to my attention! The Fasces is an ancient Roman symbol co-opted by the Fascists. Now look at the back of the Mercury Dime, minted by Woodrow Wilson, and what do you see? It's proof that Democrats are historical fascists!
Moonbat McWacky: Actually, the Mercury Dime predates Fascism by several years, and the same symbol can be found in the Oval Office, Congress, and the Lincoln Memorial.
Jones: Good God, Moonbat, do you know what that means? Fascists have been trying to take over this country... since before they even existed!
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