It used to be alright when it was for elitist university/college students but sometime during mid-2007, everyone and anyone and their grandmother joined it, and then it became equally as gay as myspace.
And as for the "you've been bitten" / "how attention-whorey am i" applications, they only add to the fail and AIDS that failbook is.
guy: how many friends do you have on facebook?
other guy: over 9000
16-year old girl: i have way more than that, have u added me yet?
me: failbook is for douche bags and emos