(adv.) When you get recognized by someone you don't know that has seen you on Facebook. It often creates that uncomfortable moment while you stand there trying to figure out how you know a 47 year old balding computer nerd with carpal tunnel.
If you're walking down the street and some nutbag that you have never seen in your life says, "Hey don't I know you?" ....
you have just been 'Faced'.
Not to be confused by 'Spaced' which is the act of being hit on while using the internet, by teenagers claiming to be 21.
Similar in spirit to 'waste of time','faced of time' refers to the time that one wastes electronically 'socializing' rather than socializing in person.
A: Hey, wanna walk over to the bar and grab a beer? I hear there's a good band playing.
B: (Sitting at computer in underwear, eating ramen) No thanks. I really, really should catch up on my Facebook stuff. Oh wow! Look! Someone sent me a special heart! AND a fuzzybear! tee-hee.....
A: Uggghhh, you're such a social retard! What a 'faced of time'!