No Matter How Thin You Slice It, It's Still Baloney Meaning

(chiefly US) Regardless of how many clever points or fine distinctions one makes, what one is saying is still false or is still nonsense.

Example: 1933, "Topics of the Times," New York Times, 29 Nov., p. 18:
  Some of our leading scholars trace it back to a favorite American saying of that time, "No matter how thin you slice it, it is still boloney."
2002, Dave Distel, The Sweater Letter, ISBN 0595259332, p. 267:
  "Do you have the ability," he asked another juror, "to discern between the truth and baloney?"
  "I think so, definitely."
  "No matter how thin you slice it, it's still baloney, right?"