>>> The details of what is going on—the vole story, as it were—is a
>>> fascinating one.
>>> My question is that what does "as it were" mean here?
[...]
>> "As it were" literally means "as it might be", I suppose, but it
>> doesn't usually mean a whole lot. It might as well be "in a
>> manner of speaking" or "as you might say". Its purpose is usually
>> to draw attention to something clever you have just said.
>> In this case, more context would be needed to be sure, but I
>> suspect that "the vole story" is a pun on "the whole story" and
>> something else that you may know about.
> How about this alternative for "as it were":
> "let's put it this way" ?
Sure, although you'd have to rearrange the sentence a little to fit it
in.