A person who looks hot from far away, but ugly up close. Common examples include women with too much makeup, and fat guys in sweatshirts/jackets. Most apparent when playing "my team your team"
"Dude, I was checking that girl out from the bar, but when I got closer, I found out she was a 50 Yard Fakie"
MY TEAM!!!" (seconds later) "AWWW SHIT, 50 YARD FAKIE!!!