Definition of Punch from the Oxford Advanced Learner's Dictionary

 

Punch

 
BrE
 
; NAmE
 
 
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a British humorous magazine, established in 1841, which took its name from the character Punch in Punch and Judy shows. It became Britain's leading magazine for humorous political and social comment, and included drawings by famous artists such as John Tenniel. It was originally published every week. In the 1980s it began losing readers to other magazines such as Private Eye, and a common joke was that it was only read in dentist's waiting rooms. It stopped appearing in 1992 but appeared again from 1996 to 2002.
See the Oxford Advanced American Dictionary entry: Punch