Farkas was born in Clay Center, Ohio of Hungarian origins, and attended St. John's High School in Toledo for two years before moving to Detroit, Michigan and graduating from the University of Detroit Jesuit High School.
One of the highlights of his seven-year tour was catching a 99-yard touchdown pass from Frank Filchock on October 15, 1939. He was elected to the Michigan Sports Hall of Fame, the Ohio Sports Hall of Fame and founded the Gus Dorais Foundation at the University of Detroit in 1955. In 2002, Farkas was named one of the 70 greatest Redskins in team history.
Farkas was pictured wearing eye black as far back as 1942 and is credited as the first player in the NFL to wear it.