A term often used by graduate students or young urban professionals for students in a university or college who has not received a first (often a bachelor's) degree who frequents the social scene with a revealed strong admiration for the more educated and experienced population.
After an evening of intense work, the young graduate students decided to head to the bars often frequented by fundergrads. But trust them, these half-lawyers are just looking for fun.
The ability to update one's Facebook status whilst inebriated. Status updates usually display primal passions of the person that are naturally inhibited when not having consumed excessive amounts of alcohol. Status update usually contains a high degree of incoherence, possible vulgarity, typos, grammatically incorrect elements or overtly emotional or embarrassing elements that the facebook user could not withhold sharing. Hence, "funken dracebook" is used as an apology to say that one was not in their right mind during the last status update.