Top definition
Having time off from your real job but being so busy that you end up working harder than you do at work.
"Dude, you have like a week off!"

"Yeah what a FAKATION. I've got more to do now; I'd rather be at work."
by EmmaSez December 22, 2008
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May 4 Word of the Day
A portmanteau of carpe diem, a Latin phrase that means “Seize the Day!” and DM, which stands for Direct Messages. This word means seizing the day via DMs.
Dude 1: Bro I just got Arnold Schwarzenegger’s number!
Dude 2: Carpe DM, bro, Carpe DM.
by LolWut098 December 30, 2020
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2
A company-mandated unpaid vacation, becoming more and more common as the economy sours.
"Dude, why aren't you working today?"

"I'm on fakation. I can't afford to go anywhere, 'cuz it's unpaid."
by jc2 April 12, 2009
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3
To fake sick in order to have a "vacation" day.
My vacation days are all for Christmas through New Year, so I took a couple of fakation days in the summer.
by Jack Hoffa, CIA void work June 17, 2009
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4
A vacation that is lacking, either because it is too short or the location is too ordinary.
In comparison to my two-month backpacking adventure in Central America, the 3 night stay in Vegas was a fakation.
by Carly O'Rourke March 10, 2008
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