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1.
A made-up guy used by girls to act as their boyfriend. Especially made up by slow, red-haired girls who go to drama club.
"Like last night I was out in town and I met this guy called Fraco. We went for a taco."
by Snailsa-Patt January 23, 2009
 
2.
A breakfast creation that includes bacon, egg, and cheese encased within a pancake folded to look like a taco then cut into sections and covered with maple syrup.

Pronounced "Frah-k-oh"
"My friend made me a Fraco for breakfast the other morning and it was scrumtrilescent. Unicorns came down from the heavens and Chuck Norris cried."
by Benicio Del Toro Esty III March 17, 2010