A word creation which combines the words "fake" and "Oakley". The latter being the outragously expensive sunglasses considered cool to own. Foakleys are most easily acquired in big city streets from panhandlers.
Bobby Ray: Hey Bobby Sue, I hear you're going to NYC, could you pick me up a pair of foakleys?
Bobby Sue: No way! Those things are like 2 buxx!
by Enterthedavid June 19, 2005
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