There is no virus by this name, but we occasionally get queries about "Absolutely Bogus Printer Driver WPS" listed in Windows as the default printer. This is a bug in some (apprently HP-made) printer drivers.
Reset the printer and ignore it - it's not a virus.
Disinfection & Removal
Allow F-Secure Anti-Virus to disinfect the relevant files.
For more general information on disinfection, please see Removal Instructions.
Description Created: Mikko Hypponen, F-Secure