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1.
a happy time in one's life when one is not employed and is not wanting to be employed
people wonder how I pay my bills when I'm on funemployment
by JBMason March 17, 2004
 
2.
The condition of a person who takes advantage of being out of a job to have the time of their life.
I spent all day Tuesday at the pool; funemployment rocks!
by Mr. Brief August 24, 2006
 
3.
To be unemployed and collecting unemployment, welfare, SSI or other means of income from government. This is especially true if you are on unemployment, and obtaining benefits with no desire to try and find a new job. Instead, the time is used to do other things, like travel, chill, etc.
Man, I love funemployment
by The American Germanophile December 20, 2006
 
4.
state of unemployment where one is not looking for a job either because they're on unemployment or cause their sugar daddy/momma is paying their bills
Henry: Shouldn't you try to find a job?
Howard: Please nig, I'm on funemployment.
by Kenny5 June 17, 2009
 
5.
The state of being corporately displaced or otherwise W-2 challenged while managing to maintain a positive attitude. Also known as 'Jobbus Interruptus'.
She updated her resume and applied to a couple of jobs online, but truth be told Jayne was in no hurry to brush her teeth before noon.

"I'm on FUnEMPLOYMENT, Bitches! Besides...I can't afford the toothpaste right now anyway..."
by Watzamatoni December 15, 2011
 
6.
The act of being on unemployment and instead of using the money to pay bills you decide to use it to party.
All drinks are on me tonight, my funemployment check just came in the mail.
by jburr843 November 02, 2010
 
7.
A period of fun, after losing one's job, living on state funded benefits which will eventually run out. Best not to milk funemployment too much.
When people are having the time of their life living on funemployment, they should keep in mind the longer they remain unemployed the more difficult it will be to find a job. And the period after funemployment is anything but fun.
by coloneljackmustard March 31, 2011