I don’t know that “frenemy” was a word back in the early 1990s, but I (and pretty much everyone in my social circle from that time) can absolutely attest that it was a “thing.”
I’m going to forego the backstory and witty comments about this drawing, except to note that this is the fourth panel of a four-panel strip that was created for a smaller-than-usual audience (considering the limited audience I usually draw for, this is saying something!).
Even by itself, though, this panel stands up as a pretty good snapshot from this era, wouldn’t you say, Beth?
Oh, also: HAPPY BIRTHDAY!