1 - Install fbFeed
2 - Create your feed.
3 - Publish fbFeed component as a menu item
4 - Now when you will get an error stating the incorrect path to smile.class.php. This is where I started to make some changes. The actual path is:
/components/com_fireboard/template/default/smile.class.php
5 - Go to the correct path and copy the smile.class.php to your computer
6 - Rename to fbfeed_smile.class.php
7 - Open fbfeed_smile.class.php in your .txt editor
8 - Comment out lines 21 and 22 (in other words add // at the beginning of both lines) and save
9 - Copy it back to /components/com_fireboard/template/default/ on your site (you want to make sure you have BOTH fbfeed_smile.class.php AND smile.class.php in the folder)
10 - Next go to /components/com_fbfeed/ and open the fbfeed_rss.php file in your .txt editor
On line 17 change the path to /components/com_fireboard/template/default/fbfeed_smile.class.php
11 - Make sure you copy fbfeed_rss.php back to /components/com_fbfeed/ if you copied it to your computer to edit it

Everything should work well now.

Why did I copy and rename the smile.class.php instead of simply making changes to it?

The simple answer is... I have no idea of everything that is affected by the smile.class.php, or if the changes would affect it. This way the ONLY component affected by the fbfeed_smile.class.php file is fbFeed and no other components or FB functions should be affected by the changes.