Fracket: An old, unloved jacket worn by a young woman to a fraternity party where copious amounts of alcohol will be consumed and where said jacket is likely to end up lost, stolen, vomited upon, or otherwise defaced ... and consequently discarded. A portmanteau of frat and jacket. See the Urban Dictionary definition.
In Act One of "#1 Party School," an episode of This American Life that originally aired on Dec. 18, 2009, female students at Penn State drunkenly explained why they wore frackets to parties.
The fracket garment is not to be confused with The Fracket™, "a revolutionary new patented device for installing aluminum posts in concrete." (This fracket may be a portmanteau of fence and bracket. Although it has a ™ symbol, I couldn't find it in the USPTO database.)
Other disambiguation:
Frick and Frack were Swiss ice skaters who performed a comedy routine with the Ice Follies for many years.
Fräck (with umlaut) is a shaving mirror produced by IKEA. In Swedish, fräck means "audacious" or "bold."
Frak is an expletive used on Battlestar Galactica. Fans of the show sometimes get together for frak parties.
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