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The acronym 'F.A.C.T.S.' stands for 'Flip A Car Tributary System'. The F.A.C.T.S. Pact is an organization amongst friends in which, in the case of one friend flipping their car in whatever situation, all agreeing members must donate ten dollars to the flipper. Designed for the purpose of cushioning the blow of fucking up your car, it works better with the more people you have in your F.A.C.T.S. Pact. In the case that one member decides to not pay up, he is banned from the group and should not ever be paid in the case of his car flipping.
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