To make unjust retaliatory threats to sue a blogger for libel for having properly fisked (q.v.) something which one has written.
The word is derived from a combination of the first (Basil) and last (Loftus) name of a newspaper columnist who has threatened to sue a blogger for properly fisking some of the former's pronouncements. The original case has caused quite a stir in the Catholic blogosphere as both columnist and blogger are retired Catholic clerics. Googling his name will get you 63,000+ hits.
Fogey/fogy /fougi/ sl. (early 18C+, orig. Scot) old-fashioned, stuck-in-the mud.
Person with old fashioned ideas which he is unwilling to change: Come to the disco and stop being such an old fogey!
You think me an old fogeyand an old tory, his thoughtful voice said. I saw three generations since O’Connel’s time. I remember the famine. Do you know that the orange lodges agitated for repeal of the union twenty years before O’Connel did or before the prelates of your communion denounced him as a demagogue? You fenians forget some things. (James Joyce, Ulysses. Penguin Books,1992. p. 38)