The phrase used to describe someone you are friends with on facebook but don't actually know personally.
Guy 1, looking at guy 2's facebook page: Duuude, who's this hot chick Sally Smith on your facebook? Hook me up!
Guy 2: I don't know her, she's my cousins friend.
Guy 1: ohh, a facebuddy. Still, she's got some shweet legs.
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