When 2 or more people engage in a contest involving their farts. The goal of the contest is to either produce the most consistent, loudest, or perhaps heaviest fart capable of a normal human being.
"Oh man, me and my brother got into a fartgument last night, it was pretty bad."
A 'fragument' is an abbreviated version of a friendly argument. This is when two people have a slightly less heated argument than the generalized argument. It can be used when arguing about something which is not majorly important to life and fraguments can be stopped at any time at any moment.
Girl: "No, you look better than me!" Boy: "No babe, you look way hotter than me! Don't you dare say that!" Girl: "I don't want to start a fragument with you babe"
An embarrassing but thoroughly entertaining argument on Facebook, either between Facebook friends, or strangers with very littleknowledge of their privacy settings.
Little Johnny and slightly smaller Geoffles had a fargument on John's status, about size β while the entire Eastern Seaboard read on.