The state in which it is alright or even encouraged to perform sexual acts on others without any consequences because you are so close of friends
Person 1: "Dude, did u just sleep with her?"
Person 2: "Nah its coolman I got BFFL Status, its a just friends thing"
Person 1: "Ok man that could have been a close one"
by FrozenEggo91 March 31, 2009
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