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fair-ing (fairring)
Verb
1) act of attending an exhibition, usually competitive, of farm products, livestock, etc., often combined in the U.S. with entertainment and held annually by a county or state.

2) act of partying and drinking for a period of time at an outdoor event with friends and family.

3) attending an event with music, foods that come on a stick, and lots of beer.

Origin:
1300–50; Middle English feire < Anglo-French, Old French < Late Latin fēria religious festival, holiday ( Medieval Latin: market), in L only plural; akin to feast.

1200-15; West Allis feire < Stallis-Saxon>
We will be fairing for ten days straight.

Dan took off for the state fair and will be fairing.
If you are not fairing, you're failing.
Fairing by DJ Ginger aka Da Ginge August 31, 2013
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fairing off 

Southeastern Missouri term. Not sure if it's known of elsewhere. "Fairing off" pretty much means calming down, or clearing up when it comes to weather. Used if the weather has been pretty bad recently.
"Hey, do you think the rain's gonna fair off today?"

"I think it's been pretty much fairing off over the last two days. Maybe it'll be faired off enough to have a picnic tomorrow."
fairing off by Joshua Squires July 16, 2006
Related Words

failing up 

(verb, intransitive) to derive gain in spite of failure that would usually either preclude said gain or have adverse consequences.
Even though Fred was the salesman who lost the big advertising account, he is failing up to a seat on the Board of Directors.
failing up by Nestor W. March 5, 2008

Chekhov’s Firing Squad 

A Chekhov’s Firing Squad is when a TV show or movie has almost no plot in the first several episodes, and then proceeds to pull all triggers at once. The way that this turns out is a show feeling bland, with presumably filler episodes for most of the season, though these episode actually build foreshadowing and silent plot. These small, unnoticed details go completely unheard or said, until they all hit you at once like a freight train.
“Bro, that show was a Chekhov’s Firing Squad!”

Firing the Surgeon General 

<verb> The act of masturbating. To masturbate. {obsolete: named after Minnie Joycelyn Elders (born August 13, 1933), the United States Surgeon General from September 8, 1993 to December 31, 1994, who was forced to resign after remarking that she thought it would be appropriate to teach masturbation as an alternative to engaging in riskier sexual behavior.}
George's girlfriend's been on the rag so he's in the bathroom firing the Surgeon General.

Jimmy Failing 

This comedian is totally Jimmy Failing!!! Get off the stage!!
Jimmy Failing by pFritzo July 10, 2014