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It's a "friendship" where you text, email, talk on the phone, and hang out pretty much constantly. In some fakelationships, you hook up while maintaining that you're "just friends." In others, it feels purely platonic, though the level of emotional dependence is way stronger than a typical friendship.
Joy: It's been 7 months, Jack and Jane have been dating yet never updated their single hood status on FB?

Simon: I think they are in a fakelationship!
by Rodie April 08, 2010
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when you agree to the terms of a relationship with a partner for gain while still looking for a real relationship For example when a man tells a woman he wants to be in a relationship with her because that's the only way she will have sex with him. He fakes being in a relationship when really he is trying to be with other women. He fakes commitment so the sex won't make her fee like she is a booty call. This is a step up from friends with benefits
Treshelle is in a fakelationship with Lorinhoe because he pays for her to get her hair and nails done. She tells all the guys at the club she is single
by Arat a tat tat October 22, 2011
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