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1.
A number of citizens, whether amounting to a majority or a minority of the whole, who are united and actuated by some common impulse of passion, or of interest, adversed to the rights of other citizens, or to the permanent and aggregate interests of the community.
Yo momma's so stupid she thought James Madison was part of the Antifederalist party.
av Hablacraja 10 november 2003
 
2.
This isn't an urban word, for one thing, but if the front page suggestion insists...

A group of persons forming a cohesive, usually contentious minority within a larger group.

The teams in the PC game, Alpha Centauri, are factions
Faction eradicated. Lady Deidre Skye has been captured and is awaiting your interrogation.
av Kenthar 9 november 2003
 
3.
n. A group of people who express a shared belief or opinion different from people who are not part of the group. Usually the people in this group do not let others in unless they can somehow prove that they share similar interests and/or beliefs

One example of factions is all of the high school subcultures eg. Preppies, Nerds, Jocks, Bullies, Townies, Hackers etc.

Pronounced as fækʃən
Which faction are you from?
av Me, Myself & I 23 december 2006
 
4.
A term used to describe an orgaization or guild. Usually used in RPGs.
The Steel Faction is a dangerous group of cocksmokers.
av Logan 10 november 2003
 
5.
A half-truth; a combination of the words 'fact' and 'fiction'.
Politicians use many factions to divert from telling the complete truth.
av Leif Ericson 27 maj 2006
 
6.
A Type of wakeskate made by Liquid Force
I just picked up the new Liquid force faction wakeskate. its cheap but it rides so smooth!
av Lf rider 30 maj 2008
 
7.
A group sharing similar views, usually against other groups. Factions can be sports related, political, or social.
The FARC is a faction fighting the Colombian government due to political differences.
av Max 9 november 2003