It's a shit of paper containing lots of fucks.
Oh wait, I meant "It's a sheet of paper containing lots of facts"!
Well, at least you get it.
It's a kid-friendly way to write/say fuck shit.
Intentional -
Teacher: Here's a fact shee-
Students: *laughing*
Teacher: Anyway... Here's a fact sheet. A fact shee-
Students: *hysterically laughing*
Teacher: WOULD YOU STOP IT!! A FACT SHEET CONTAINS LOTS OF FACTS , AND TODAY YOU WILL WRITE AN ESSAY ABOUT THE FACTS LISTED HERE!
Students: *explosion of laughter*
Teacher: I give up.