Ive recorded a short screencast (just under 3 minutes) to show how to create and use Friend Lists on Facebook. Each friend list you create has its own news feed, which allows you to keep up with people whose updates tend to get lost on your home page news feed.
For example, I have 700+ friends on Facebook. The news items on my home page span a time frame of less than one hour. So I wont see news from anyone who has not posted in the last hour without scrolling back to see older posts. But with ....

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