I have read some posts here regarding faucet farming in gambling sites and I don't have a clear idea what it exactly means. I would like to know because I do not want to do faucet farming without my knowledge and bring myself a bad name. Hope you can clear my query. Thanks in advance!

It is the act of creating multiple accounts in a gambling site to just continuously claim faucets from every account and the ultimate goal is to be able to multiply that faucet money so it is possible to withdraw it. Though I would say it's just a complete waste of time, there is little chance that you can even be able to multiply that faucet claim to a point it can be withdrawn.