a jacket you wear to frats because you don't mind if at the end of the night, it is covered in beer, frat sludge, or other unidentifiable liquids. Also, it is not a big deal if this jacket is lost during or stolen during the course of the night.
> Person 1: Ah, I made the mistake of bringing my J.Crew pea coat out last night and now its covered in beer!
> Person 2: You should have brought your fracket instead!