A bastardization of the word Valentine. Meant to show deep love and enduring affection for a close friend on Saint Valentine's Day. Usually used to refer to only close friends, commonly when there is an absence of a Valentine in users life.
Malia I love having you in my life and dearly value our relationship. I love youvery much so please, please, please hurry back to Seattle, Olympia is just too far. :-) Oh and will you be my Falentine. Mike XOXO
Joe: Bruh Gaby just asked me to be her valentine!
Bob: Uhhh, no. She said Falentine. You know, valentine but as friends? You got the ultimate friend zone.