The fictitious couple consisting of Gerard Way (My Chemical Romance Vocalist) and Franklin Iero (Guitarist). The two are actually just friends and bandmates, but some people get a kick out of writing/reading Ferard slash/bandslash fics. Sadly, many non-fans have taken Ferard as fact and use it to torment fans and say that their favorite band is gay. Also spelled/pronounced "Freard" or "Frerard."
Person: Wowo I just read an awesome fic!
Me: What was it about?
Person: It's another Ferard story.
Me: *whacks person with shovel* WHY. CAN'T. YOU. LET. GO. OF. FERARD!?!?!? IT'S FAKE!!! IT'S SICK!!! THEY BOTH HAVE GIRLFRIENDS!!! THEY. ARE. NOT. TOGETHER!!!!!
Person: *is bloody pulp*