The channel on which you stay while looking for a much better program; applicable to TV, radio, etc.
Guy 1: Dude, why are we watching MadTV?
Guy 2: Shut up, it's the anchor channel while I look for something better... Ooh, Bad Boys 2!
Guy 1: Hellz yeah.
Guy 2: Shut up, it's the anchor channel while I look for something better... Ooh, Bad Boys 2!
Guy 1: Hellz yeah.
by Ribby Rob April 15, 2009
An anchor channel is the television station that you stay on while searching for something better to watch. The show that is on isn't your favorite show, but it's enough to hold you over until you find something better to watch.
by ldogg7878 March 30, 2009