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1.
Your family.
Sorry, I'm chillin' with the fam squad tonight.
by prettylittleliar16 December 23, 2010
 
2.
n. your family;
a combination of the words family and squad.
All my friends are down the shore, so I guess I'll be hanging with the famsquad this weekend.
by yourgraceisenough November 28, 2010