Pandagate
n: Petty political drama which unfolded in Australia in 2004, involving some Melbourne Uni liberal hacks, a gullible Herald Sun journo and a whole lotta blogging. "Panda" derives (somewhat mysteriously) from the protagonist's name.
Student 1: So, did you hear about Pandagate?
Student 2: What the hell are you talking about?
Student 2: What the hell are you talking about?