The Jargon File (version 4.4.7, 29 Dec 2003):
fisking n. [blogosphere; very common] A point-by-point refutation of a blog entry or (especially) news story. A really stylish fisking is witty, logical, sarcastic and ruthlessly factual; flaming or handwaving is considered poor form. Named after Robert Fisk, a British journalist who was a frequent (and deserving) early target of such treatment. See also MiSTing, anti-idiotarianism