If they did not prevent this, an attacker could load Facebook pages into an transparent iframe and put something interesting below it. Lets asume a victim has logged in to facebook and then visits the website of the attacker (after some time, in another tab).
The victim will click on something on the attacker's website. But in fact it is clicking onto the transparent iframe and triggering some action on the facebook website. The browser will of course sent the session cookie to Facebook and Facebook sees a legitimate action by an logged in user.
Wikipedia has an article on Clickjacking: http://en.wikipedia.org/wiki/Clickjacking
This attack can be prevented using the unofficial X-Frame-Option http header as described on
http://www.webmasterworld.com/webmaster/4022867.htm Unfortunately not all browsers support it, so a frame breaking java script is required, too.