1) Adj., Something widely recognized as factual. It typically includes quasi-science, celebrity gossip, irrelevant news stories, and other sensational garbage. It is on the cover newspapers (mostly tabloids
) one day, and has faded into an oblivion the next. Usage often implies sarcasm.
2) Adj., Used in place of bullshit
-- connotation is more positive.
"According to the National Enquirer, 65% of women have been sexually molested by age 4."
"That's clearly fact...acular."
"Who are you voting for in the upcoming election?"
"Because he'll defend my morals."