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Facebook Lists - or Are You Just Drinking Out of the Firehose?
If you have joined Google+, you'll know what circles are. It is a way to group your friends-family-associates into groups. When you post something, you can share with the world ("public") or you can limit who you share with by applying only to a circle.  Inversely, if it feels like you have subscribed to SO MANY people and you look at your main feed, it is like drinking water out of a fire hose, then circles are also great. You can say filter (OR LIMIT) the newsfeed to only show posts from a particular circle. For me, circles include groups like "Tech" or "Real Estate" or "Photography" and so on.
Facebook has been able to do this type of useful "share with limited" and "show limited" types of modes also, but the user interface is poorly designed (inserting my opinion). It is not obvious and intuitive enough. They have made it slightly better since Google+ came along, but it still is not great in user friendliness yet. Thus, let me take you on a quick tour to highlight some things. Once you see it, it will make MUCH MORE SENSE. :)
First, notice on the left sidebar, you have a Friends ... more

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