The feeling of shame for another person's poor, embarrassing, or ridiculous actions. Feeling faldo for someone is projecting embarrassment or guilt on another them, especially when they do not feel shame themselves.
From the character Waldo Faldo on ABC's Family Matters, a character one often feels faldo for.
-Did you see Britney Spears' performance at the MTV Music Awards? I felt so faldo for her!
-Yeah, man. That was a seriously faldaic stage performance.