noun: a bold faced lie so audaciously transparent that it defies all conceivable logic. A lie ardently defended even when the liar knows that the person being told the lie knows it's a lie and that that person knows that he knows. Derived from the wildly bizarre claims and assertions of Russian Prime Minister Vladimir Putin in regards to nearly any situation.

An embarrassed smile.

A lie, so bold in nature and so obvious, it defies logic as to why it was told. A lie so huge and so transparent, not only does the one being told know it is a lie, but the liar knows it. And the person being told the lie knows the liar knows he/she knows and so on ad infinum. Based on the name Vladimir Putin, prime minister of Russia, in regards to his ability to purposely misspeak.