Keith Olberman is willing to donate $1000 for every second that Sean Hannity withstands waterboarding. The strange offer came about after Hannity voluntarily offered to undergo waterboarding, as a way of demonstrating that waterboarding isn't torture.
Hannity (surprise) has not accepted Olberman's offer.
I'm not sure I understand the problem. If waterboarding is as pleasant as Hannity and others seem to think, why is he reluctant to get a little wet and hit Olberman in the wallet?
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