Failwolf: refers to, usually, the character of Derek Hale when he is being a ridiculous failure of a person due to his lack of social skills and inability to communicate effectively. The term is usually used affectionately.
Fandom: Teen Wolf
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A-Z Fanfiction Guide: Terms to Know
RandomAn A-Z List of all the fanfic terms YOU should know! (Cr. Goes to Angerfire.com for references and information) * this will be updated periodically, so if some things are missing, they haven't been added yet.