Yes. But note that it'll cost you about $1M per year to do this. There is no refund when you realise a week later that you have no purpose for .friendster or whatever, and you wish you still had $1M instead.

Several huge corporations bought the TLD for their long-winded name, and then it sits unused, because it's stupid. For example the TLD kerryproperties exists and is owned by the corporation Kerry Properties in Asia, but kerryprops.com is a much better name and so unsurprisingly the company's actual web site remains https://www.kerryprops.com/ and they just burn the money on the TLD for no reason.