the GNU version of the Collaborative International Dictionary of English
n. The skin which a deer frays from his horns.
The Century Dictionary and Cyclopedia
n. An alarm; a panic.
n. Contention; struggle.
n. The velvet frayed or rubbed from a deer's antler.
Word Usage
"But the veneer created by parties for Manhattan's art-power-money set masks what insiders describe as a fraying organization run at the whim of board president O."