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This phrase is a mixture between "for sure" and "fam". It would be accurately used after someone did something special, clutch, or in good timing for someone else. It is used in substitute for "thank you."
This food is for me? For fam!
for fam by HamesJ December 16, 2016
Related Words

For The Record 

A preface or add-on one might say to try to cover up self embarrassment, misfortune, or mistake.
"I feel off the balcony, but for the record, I was drunk."

"For the record, I did NOT forget my tampon. It just fell out of my purse."

"When are you going to do something around this house?? For the record, I've lightly dusted and barely vacuumed."
For The Record by tmmontgomery March 9, 2017

For the team 

For the team is a new york slang word meaning a girl who fucks everyone she's kinda like a homie hopper but she fucks the whole football team.
Boys:hey who's the new girls
Other boy:oh don't try her she's for the team.

for old times' sake 

as a way of remembering something pleasent from the past
Honestly, our theater group should reunite – just for old times' sake.

For the lack of a better word 

A term used by somebody when they can not quite think of the term they want to use, so they settle for another word or term.
This movie is... scary, for the lack of a better word.

For research purposes 

An expression often used by men online who want to know the name of a certain video or person so they can store it in their spank bank.

It's synonymous with saying, "so I can fap to this later on."
Can anyone tell me the name of that girl in the video with the big boobs? For research purposes, of course.