Literally. What the hell is she saying?
Atrios points out that McCain has been speaking jibberish for years, but it's Washington-style jibberish, so it's okay. This may be true, but I can usually follow McCain from the beginning of a sentence to the end of one, even if the thought he's communicating isn't all that coherent. Palin is a different sort of incoherence. She's absoultely falling apart... in front of Katie Freakin' Couric.
I'll give her this: she makes Bush look presidential. And not a moment too soon.