Assuming good faith in the creator of this, it looks like they tried to type up something that they thought would cover their bases, then realized that wasn't right and copy/pasted in a real license.
For everyone else, here's some definition of the original terms:
fake victim - when you do something and it goes south for you, but you try to mislay responsibility for your choices and try to blame someone else. So in this context it's to do with the standard disclaimer of liability (you won't hold us accountable, etc).
don't lie - basically people stealing the work and pretending it's their own. Like stealing it and relicensing it, etc. Or pretending they are the rightsholders. Basically the standard language about copyright, and sublicensing but in my own lingo.
It seems like the license went something like this:
MIT > Dual GPL/Custom license > No license > AGPL > No License/Commercial only > Custom license > Different custom license > License with a commercial pricing? > AGPL (3 days ago)
Most of this happening over the last few weeks, and the readme says it's dual licensed.