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2.
a vacation, generally work related, that is neither wanted nor enjoyed.
random dude: 'how was your faycation'

faycationer: 'three weeks in detroilet taught me a valueble lesson. never go to there. if i wasn't too busy working all the time, i very well might have taken my own life.'
by daniel reitzenstein May 10, 2007
 
1.
A vacation where you spend time every day logging in to email and checking voice mail. "fake" + "vacation" = "faycation"
Melanie went away to Aruba for a week, but she spent hours each day working during her faycation.
by chicagodom April 10, 2009