this is a shorter term for "Flap Of Skin". a flap of skin is someone in your group of friends whom you may consider the "loser" or the person who you only hang around with for a certain reason, that reason not perticulary meaning you enjoy their company.
An acronym that stands for: Full of Shit. pronounced "Faas"(long a sound), used do descirbe a statment from someone who is a habitual liar or bullshitter
Johnathan: Yeah i got my hotasian fiancee pregnant...
Everyone else: FOS FOS FOS!!!