Code name for the website known as facebook. This term is usually used by people who oppose facebook (otherwise known as facehaters). The term is a derivation of the word fag in order to cause offence to those of whom use facebook (known as fagbookers).
Needless to say, there is a raging battle between the Fagbookers.
Fagbooker: Hey! I made a facebook! I was on it alllll night yesturday.
Facehater: Why dont you go fuck yourself and set it as your facegay status, you prick.
People who are at the age of where they should have a facebook. But refuse to get one because they want there backgrounds on myspace of weed because they want people to believe that they smoke it.
Girl 1: Last night i was looking at Jasons pictures on facebook, why dont you have one.
Boy: because i have to keep people thinking that i actually smoke weed