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facebunk 

Absurd, ridiculous, nonsensical, unlikely, and/or untruthful things people post on Facebook.
Tiffany just said she is engaged to Darryl's brother and that they have twins on the way. The wedding is supposed to be in April. That's a bunch of facebunk if you ask me!
Related Words

Facebalk 

When you post something on facebook that is crude or potentially offensive, and then immediately delete it after you realize that all of your family members are going to see it.
Man I heard this hilarious joke about taking a dump on an old lady's chest, and I posted it on facebook, but then I remembered that I'm friends with my grandma. I totally facebalked!
Facebalk by Jack Mayhoff2 May 14, 2011

Facebullying 

To bully somebody on Facebook, as a joke or otherwise.
'Hey! quit Facebullying him/her!'

FacePaulm 

A facepalm, but usually done when referring to classic rock. Named after Paul McCartney of The Beatles, the most well known classic rock band.
He FacePaulmed when his girlfriend referred to John Lennon as the drummer of The Who.

You think One Direction is better than Led Zeppelin? *FacePaulm*

facebalking 

(v.) fusion of the noun, facebook, and the verb, to stalk; to stalk members of the facebook community so frequently that one cannot waste the time uttering the two separate words for the unbearable thought that during the slight pause between "facebook" and "stalking," more than one person may have updated their profile.
"OMG, I was totally facebalking this afternoon and saw that so-and-so wore your dress out last night on a date with your ex-boyfriend!"
facebalking by Kasie Lynn Clouser August 25, 2007

facebucket 

Grandma - I finally got a facebucket! Now I can add you and send you virtual birthday gifts and invites to stupid groups to annoy the crap out of you. YAY!
Me -....yay?
facebucket by stillaudreyesque November 10, 2009