A fake beard, similar to a fauxhawk (fake mohawk). Basically it's where the beard-grower (usually a man) has enough
facial hair for it to be recognised as more than just stubble or bumfluff, but not enough
facial hair for it to be recognised as a beard. Hence the
inbetween part is called a "feard"
Ed: Check out my beard, it's so manly!
Jenny: Umm it's
not really a beard though, is it?!
James: Yeah, it's a bit lame!
Ed: Hmm,
okay then - check out my feard, it's so nearly
manly!
Jenny:
Hell yeah it is!
James: Right on dude!