Why is Pizzagate a thing and what kind of idiot would actually fall for this?

Valkyrie1
So for those of you who don't know Edgar Maddison Welch went to Comet Ping Pong to 'investigate' a child trafficking ring in DC armed with "a Colt AR-15 rifle, a Colt.38 handgun, a shotgun and a folding knife" according to the New York Times which has a timeline of the investigation: https://www.nytimes.com/aponline/2016/12/05/us/politics/ap-us-gunman-pizza-shop-the-latest.html
The PizzaGate Conspiracy Theory has been circulating around fake news sites since before the election I actually happened to stumble upon one from The Vigilant Citizen three days before the incident which has since been removed. The so called "evidence" for the theory is based of off various images from the pizza owners instagram, some kind of code, a few mentions of the popular DC restaurant in some leak Clinton and John Podesta emails. Oh and ping pong tables. WTF.
So serious don't people have anything better to do them to come up with this bullshit?
Why is Pizzagate a thing and what kind of idiot would actually fall for this?
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