There is no virus by this name. However, we occasionally get queries about it, since the standard Microsoft Office installation put a macro named "PresentIt" to Word's macro list. This is a built-in application to move stuff from Word to Powerpoint, and is not a virus.
Once detected, the F-Secure security product will automatically disinfect the suspect file by either deleting it or renaming it.
Description Created: Mikko Hypponen, F-Secure