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To be transported somewhere magically. IE, the magical flying dog-like dragon that transported the main character in The Neverending Story.
"I was so drunk last night, how did we get home?"

"Tomorrow is Friday again? I think I falcored through this entire week."
by IndestructibleJohnny November 03, 2011
A white oversized dragon dog from the never ending story series. Loves to eat fagmaster
"Falcor, i love"

"one day i'll be Falcor"
by Simon December 15, 2004