Covfefe: A combination of the word coverage and the meme fefe which means: "Shit the press says"
See: Fefe is a scorpion character with a human-like face who is often associated with shitposting on the /s4s/ (shit 4chan says) and /r9k/ (robot 9000) boards on 4chan.
And
Coverage : (journalism) the amount and quality of reporting or analysis given to a particular subject or event.
When New York Times siad, âtwo people who read the memo.â And then "one of Mr. Comeyâs associates read parts of it to a Times reporter." meaning that hearsay of hearsay was actual news we all knew it was actually covfefe.
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