Joe: Yeah so you goin' to the corner store with your friends?
Jane: Well they're not really my friends, Joe.
Joe: Then what are they? Acquaintances?
Jane: More to me than that, I guess I could call them my.. 'friecquaintances'.
Joe: Say whaaaat?!
Noun. When two people are in the space of time between being acquaintances and friends. Usually occurs after hanging out three or more times, and often results in becoming friends with a "friend of a friend".