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call waiting face off 

If you're on the phone with someone, and someone else calls, they enter a call waiting face off. The loser obviously being the one you tell you'll call back.
A: "Hey, hold on. I got another call."
B: "'k. (Goddamnit, I'm in a call waiting face off)"
--line-switch--
A: "Sorry about that, I was on the other line."
C: "It's ok. (Fuck... call waiting face off.)"
A: "Hold on a sec, 'k?"
C: "Sure. (SUCK IT, I WIN!)"
--line-switch--
A: "Hey man, I gotta call you back."
B: "Alright, see ya. (Fuck, I lost.)"
call waiting face off by Garret February 3, 2005

Rip your face off rally 

This is an extremely painful event. It typically occurs in the stock market, when you just finished getting so leveraged up on full margin with short positions.

The stock market then viciously turns and "heads" up the other direction all while ripping your face physically off. It happens so quickly it is typically only noticed when you look up from your keyboard to ask your trading partner what happened, and he only see's a pair of lips and what used to resemble a face talking to him.

A CNBC contributor, Steve Grasso, is a well known advocate to stopping this disease from spreading.
Hey Billy, is that Melanie Griffith over there or some guy that got his face ripped off in last weeks stock market rally?

rip your face off rally

pedestrian face-off

An awkward situation in which two pedestrians, who are on a collision course with each other, are repeatedly unsuccessful in averting one another. As one person moves to their right, the other person moves to their left and vice versa. Each time they attempt a new maneuver, the frustrated pedestrians find themselves confronted by their counterpart. To the casual observer, these two people may appear to be dancing, but in reality, they both just want to get on with their lives.

These encounters are far less common in Europe – especially in Germany, where the government enforces pedestrian decorum through a stringent "bear right" policy. Pedestrian face-offs have been known to last upwards of ten seconds.
Randy: I just had a pedestrian face-off that lasted a good 15 seconds. In the end, we came to the mutual agreement that both of us should step to our right.
Dina: Wow, 15 seconds?! That's gotta be a world record or something.

Cold War Fuck Face Off 

The time in a relationship when both parties are avoiding sex to punish the other person. Can lead to a Cuban missile crisis
John "Hey, Jake. You look aweful did you get any last night?"

Jake "No we're still in a cold war fuck face off."

John "Have you tried a missile test as a display of power? It migth make the Berlin wall crumble"

face off 

Having an intense conversation with some on facebook;
When you argue with someone on facebook
Last night i was having a really heated face off with Ashley.
face off by MarvelosityReigns October 26, 2009

face off 

(v.) A hockey metaphor meaning to compete; to face an adverary; to confront.
Ugh! My performance review is today and I have to face off with my boss!
face off by Tenacious Faulker April 5, 2009