It took me a few seconds, but I got it. Very clever. It is very subtle - maybe too subtle (at least for me). Could possibly emphasise that they are people a little more...maybe playing with the shape of the legs? ...maybe flipping the first F around? maybe using more than one colour for each letter? Geez, it's tricky. But the more I look at it, the more I think it has real promise.
Not sure the circle works as it is. It's kinda neat how you have tied it to the 'd' and 'o'. But looks like they are ice skating...
Anyway, think you win the award for originality marcn. Thanks for the design.
Hmmm...there is something in this but struggling to define exactly how it could evolve.
Some feedback from the troops... "Looks like they are kicking each other - might work if they were running side by side or overlapping" "Might look better with a hand"
And from my perspective, maybe tapering the leg in towards the ankle, making the leg longer.