An individual that you have met and interacted with on multiple occasions, making them more than an acquaintance but you do not know them well enough to call a friend.
"Isn't Toma friend of yours?"
"No, Tom is a fracquaintance."
Joe: Yeah so you goin' to the corner store with your friends?
Jane: Well they're not really my friends, Joe.
Joe: Then what are they? Acquaintances?
Jane: More to me than that, I guess I could call them my.. 'friecquaintances'.
Joe: Say whaaaat?!