Here are some possible interpretations:
* A pun is being made, and the speaker is asking for forgiveness for using it: They might be acknowledging that the pun is bad or cheesy, and they're preemptively asking for forgiveness from the listener.
* The pun is related to the word "pardon": The pun itself might play on the word "pardon," or the context of the pun might involve forgiveness or overlooking something.
* The speaker is jokingly suggesting that the listener should pardon them for using a pun: This is a playful way to acknowledge a pun, while also creating a humorous situation.
Without more context, it's impossible to definitively say what "pardon pun" means. It's best to consider the speaker's intent and the context of the situation to understand the meaning.