Friend lists are an often overlooked feature of Facebook, but they can be really useful for isolating key influencers in your industry from the rest of your contacts, filtering out “noise,” customizing your status updates and privacy settings and more.

In this video tutorial I walk you through how to create a new list, add contacts to it, filter your News Feed by it and customize your settings and updates with it.  If you are still getting used to the layout changes Facebook rolled out a few weeks back, then this might be helpful for you since the location of the lists is slightly different.