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FTO stands for: Friendship time out.

When you and friend have a conflict or disagreement, one could call friendship time out on the other. Usually called for trivial and sometimes stupid reasons and don't last longer than remembering why it was called in the first place.
Taylor: Why aren't Alexa and Aimee talking?
Lauren: Oh Aimee called friendship time out when Alexa said her crafting was terrible.
Taylor: FTO is legit
by SororitySweetheartxo October 14, 2011