Someone who isn't as close as a friend, yet far up from being an ordinary acquaintance. The word for the grey area of a casual or professional relationship.
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".
Mike: Hey, so what's the deal with you and Joe?
Bob: Well we've hung out a couple times, so I'd say we're Fracquaintances.