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an interjection commonly used when a situation or state-of-mind is enjoyable or spectacular; a unique greeting designed to be stated simultaneously between two parties
One day Lee approaches Trevor, "Hello sir, I have here a gift for you. Enjoy this brand new Protest the Hero compact disk."

Trevor proclaims with excitement, "FRAYST!!!!"

Lee and Trevor met at the local cantina. Once in close proximity of one another, they exclaimed together in a crescendo, "FffffffffrrrrrrraaaAAAYYYYSSSTTT!!!!"
frayst by Liy Jaughnsuhn March 14, 2010
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fratstep 

With the influx in popularity of the EDM scene, and Electronic music as a whole in America, dubstep has become a 2010-2011 fad. Due to the popularity with the younger crowd, and especially college students, the term Fratstep can be used to describe the dubstep played at college parties.

Initially coined by James Smith of Hadouken!, the term is interchangeable with any popular dubstep tracks.
"It's time to hit the gym, then to the tanning place, and afterwards, we gonna freak some beezies dancing to fratstep at the club"
fratstep by Philip the Water Tank October 6, 2011
Related Words
(Alternatively, "Get frasted" or "Getting frasted)

The act of indulging in a frappe or frappachino coffee treat.

Often, good times follow after getting frasted.
We were sooooooooo frasted.
Frasted by OG 4 July 6, 2010

fraustro 

the Mexican equivalent of a ninja; One who is a sneaky Mexican
you damn fraustro
fraustro by yanllips February 3, 2010

Freyster 

A really cool nickname for someone called Freya. Freysters are normally really cool and short but that doesn't matter because they get the gamer guys wanting to be with them.
Woah that girl gets all the gamers, she must be a Freyster.
I think you might have fraytus.
fraytus by FrayTus May 19, 2019
Portuguese (Fraústo) or Spanish (very common in Mexico): unexplained, but apparently from a personal name, probably a variant of Fausto.
i wish my last name was frausto.
Frausto by Mia Lopez February 8, 2010