Faeroe Islands n 1: a self-governing colony that is a possession of Denmark in the Faroe Islands [syn: {Faroe Islands}, {Faeroe Islands}, {Faroes}, {Faeroes}] 2: a group of 21 volcanic islands in the North Atlantic between Iceland and the Shetland Islands [syn: {Faroe Islands}, {Faeroe Islands}, {Faroes}, {Faeroes}]