Off-brand or generic version of the Frosted Flakes cereal.
"I could go for a nice bowl of Frosted Fakes right now!"
"You mean Frosted Flakes?"
"We don't have that kind of money."
when not only photos of some one else on the internet, there also photoshoped.
newfag: IMMA GET PICS WERE NO ONE KNOWS SAUCE
cyber police: YOUS A FROSTED FAKE >:O