When you get screwed over (fucked) in a way you don't like, but you're told it's for your own good.
I had a hot date with this girl I met the other day, but my boss told me I had to work an extra shift or instead of a promotion I would be fired. Instead of Netflix and chill I got Fox News and Chill.
by Grillman15 March 27, 2016
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It means that you are going to go over to your partner's house to hate fuck/anger fuck with Fox News in the background. Similar to, but a lot rougher than Netflix and chill.
Ty: "Hey Nicole wanna come over and watch Fox News and chill"

Nicole: "Sure I'll pick up the condoms"

Ty: "Wait I thought we were just gonna watch Fox News?"

Nicole: "Fox News and Chill means we hate fuck, dumbass"
by TrumpSmasher March 24, 2016
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