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fapfiction 

Erotic fanfiction; particularly fanfiction where little or no attention has been payed to the actual plot, making the end result little more than a convenient masturbation aid.
Fanfiction.net has a lot of good fanfics, but kink memes usually only provide fapfiction for all your fap-related needs.
fapfiction by That Vulture Girl September 15, 2009

failfiction 

a type of fanfiction
often seems to be of quality, but ends up being a piece of over-dramatic crap with predictable events, a cliche plot, and OOC characters.
I thought that I had finally found a good fanfiction, but after the first three chapters, Harry got raped by Lucius, Severus, Ron, Dobby, and Neville's toad Trevor, before getting graciously taken in by Draco and cured by Draco's magnificent potion-making skills, abundant kindness, and cock. Harry and Draco immediately fell in love and they declared their adoration for each other after Draco pulled Harry off of a ledge during one of Harry's emotional, suicidal fits. Then they bought a pet unicorn and named it after Fred Weasley.
So ultimately, it was less of a fanfiction and more of a failfiction
failfiction by rockintherain May 22, 2010

fan fiction 

Fan fiction is something you read when a series/book ends and you think "hey this is great" and than it stabs you in the back
Person A:Hey i read this fan fiction on quotev

Person B:i judge you
fan fiction by ThugisaOut69 September 8, 2018

Fagfiction 

Fiction written about already existing characters from movies, games, books etc, by a crazy fanboy or girl with an over-sexed mind.

A number of these stories focus around homosexuality and the fanboy/girl's own desires to be getting some.
" He Voldermort got up on his knees and pushed Indiana down on the sand. "Or we could make magic," he whispered, slipping his wand from his pocket."

Thats some hefty fagfiction right there.
Fagfiction by m00shy October 12, 2008

fanfucktion 

I never really bother with reading fanfiction any more, it's mostly all poorly written fanfucktion.
fanfucktion by Gale Gynoid April 27, 2010

Fan Fiction 

A fandom tool, which allows fans of books, tv shows, anime and the like to write about their favourite characters.
Fan Fiction (shortened mostly to Fan Fics) is represented on many websites, the most dominant being Fanfiction.net and MediaMiner.org.
In Fan Fiction, the writer can either create a story from where the series/episode/book left off (Cannon); create a new world for the same characters (Alternative Realtiy); or mix characters together from different fandoms (Crossover).
Fan Fictions cover all genre, from romance, horror, comedy, to what is known as Hentai (japanese word, for stories of a sexually mature nature).
The fan fiction world is full of a mixture of unreadable, badly written, good and excellent fiction; much like the music industry and its varrying degrees of music quailty.
Some Fan Fiction authors employ betas, to edit their work for them.

As an author myself, I can assert that fan fiction is a fun way of carrying on a much loved and ended fandom. It is a way to improve one's writing, as most websites have the facility to recieve instant reviews and so allows the author to gain Constructive Criticism. (On the downside, some readers 'Flame' work they disagree or don't like.) It also allows those who are not inclined to write to read about their fandoms and keep the memories of their favourite characters alive.
Fangirl #1: "Omg, my favourite author just updated her Twilight Fan Fiction!"

Fangirl #2: "Kya, this site has lots of Kurama x Kagome crossover fan fiction!"

Fanboy #1: "Ewww, whose idea was it to pair Harry Potter and Professor Snape??? *reads on*..I'm scarred, I'm scarred for life!!!!"
Fan Fiction by KawaiiKekeChan March 17, 2009