To indicate that something is in a state of decline.
My hometown is fraying at the edges.
A frayed knot (aka Afraid Not) is a poor excuse given when someone isn't going out with a group of friends. Usually it means to try harder to persuade someone.
Symbolic of the once tight bonds of a relationship that are now wearing thin. A little extra pressure will break the bonds.
When Scott is asked to meet with some old friends, he responds sheepishly saying "Frayed knot, I'm spending the evening with my wife"
Let’s go do work! Kick some ass
I’m so excited to fray out at work today, and make some money!