The Collaborative International Dictionary of English v.0.48:

applesauce \applesauce\ n.
   1. 1 puree of stewed apples usually sweetened and spiced.

   Syn: apple sauce
        [WordNet 1.5]

   2. nonsensical talk or writing.

   Syn: folderol, rubbish, tripe, trumpery, trash, wish-wash.
        [WordNet 1.5]

WordNet (r) 3.0 (2006):

applesauce
    n 1: puree of stewed apples usually sweetened and spiced [syn:
         applesauce, apple sauce]
    2: nonsensical talk or writing [syn: folderol, rubbish,
       tripe, trumpery, trash, wish-wash, applesauce,
       codswallop]