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1.
To lie or tell a tall tale.
"When he said he was pulled over going 150 mph through town in a Mazaradi with two naked lesbian twins, I knew he was Fyfeing me."
by Winston November 28, 2004
 
2.
Fuck You For Ever or Fuck Yourself For Ever. This is the ultimate Fuck You as its FOR EVER.
After taking so much shit from a former employer I one day got fed up walked in the bosses office and said YO FYFE! and just walked out.
by MikeDLC July 04, 2008