The Collaborative International Dictionary of English v.0.48:

faveolate \fa*ve"o*late\, a. [L. favus honeycomb.]
   Honeycomb; having cavities or cells, somewhat resembling
   those of a honeycomb; alveolate; favose.
   [1913 Webster]

WordNet (r) 3.0 (2006):

faveolate
    adj 1: pitted with cell-like cavities (as a honeycomb) [syn:
           alveolate, faveolate, cavitied, honeycombed,
           pitted]