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facebookrastinating 

the act of aimlessly exploring and in general wasting valuable time on facebook in lieu of being productive in such activities as homework, napping, etc.; usually applicable to college students
John knew that he had a sociology midterm and english paper due the next day, but ended up facebookrastinating most of the night instead.
facebookrastinating by Ari D February 20, 2009

facebookrastinating 

Not getting any work done because you're on facebook. Procrastinating.
Stu was facebookrastinating in the library instead of studying for his statics final.

Facebookism 

Judging people based on the number of friends/connections that they have on Facebook.
Hey Tom! Guess what I'm cooler than you because I have 82 friends!
Facebookism by Slut-Bag McGee April 13, 2005

Facebookpalm

Like a regular facepalm, but this specific sort must have been provoked by something annoying/cringeworthy/stupid seen on facebook.
"OMG, X just updated his status for the fifth time this hour saying that he's broken up with his girlfriend. Facebookpalm!"

Idiot on facebook: *spouts incomprehensible rubbish*
Everyone reading it: *facebookpalm*
Facebookpalm by Ishlou September 16, 2009

Faceborgasm 

(noun) The orgasm resulting from a large number of facebook notifications
On my birthday I got so many notifications that I had a Faceborgasm!
Faceborgasm by jayfishy March 2, 2011

facebookrastinating 

Instead of studying for my statics final, I spent the whole time facebookrastinating.