That situation when a guy and a girl is interested in each other and its pretty obvious that they are dating, but they are too stubborn to admit that they are dating and instead just consider each other friends, meanwhile talking exclusively to each other as though they are in a relationship.
Steve: Clarissa and I are not dating. We're not in a relationship, stop saying we are.
Joe: Okay bro. Ya'll fating right now.
Steve: Fating?
Joe: Yeah, ya'll acting like ya'll just friends, but really ya'll dating man. Quit playing bro. But since ya'll aint trying to act like you are dating, ya'll fating.
Steve: Doesn't even make sense.
Joe: F for friends. ating for dating. Telling people you aren't dating, but acting like ya'll are.