FAUX-CO (Pronounced fo co, so that it rhymes.) is a slang term for faux couture, in other words, it is used in the sense of saying something like, "Fake Designer (Something)".

A cultural and aesthetic mind-state that prioritizes making money, even as an “underground” or “radical” creator. The work isn’t made for money, but it’s the money that matters the most.

Fake tacos; tacos from Jack in the Box with a slice of American cheese, “beef” product, & three strands of shredded lettuce, usually sold for 2 for $0.99