Term used to describe playful camaranderie that's steeped in pseudo homosexuality between friends.
Bro 1: "Hey man, do you want a beer?"
Bro 2: "Yes please. Thanks honey bun!"
Bro 1: "Aw you're such a darling! My girlfriend is coming over soon too, so get your feet off the coffee table!"
Bro 2: "I love homofauxbia."