a culture which prefers fake things over the real thing for example, people like fake asses and titties, professional (fake) porn is preferred by many instead of amateur (real) porn, reality (staged scripted drama) TV, people who pretend to be happy but are just depressed.

Briefly, "the realization that each random passerby is living a life as vivid and complex as your own." Originally from the Dictionary of Obscure Sorrows, which has a lot more beautiful neologism definitions like this you might enjoy.