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1.
Similar in spirit to 'waste of time','faced of time' refers to the time that one wastes electronically 'socializing' rather than socializing in person.
A: Hey, wanna walk over to the bar and grab a beer? I hear there's a good band playing.

B: (Sitting at computer in underwear, eating ramen) No thanks. I really, really should catch up on my Facebook stuff. Oh wow! Look! Someone sent me a special heart! AND a fuzzy bear! tee-hee.....

A: Uggghhh, you're such a social retard! What a 'faced of time'!
by Bryan Gilbreath March 01, 2010