Friendships between members of different ethnoracial groups can help to reduce prejudice and ease tensions across ethnoracial groups. A large body of literature has explored possible determinants for the formation of these friendships. One unexplored factor is the role of an individual’s skin color in influencing their opportunities to befriend members of other ethnoracial groups. This study seeks to answer two questions: For ethnoracial minorities, how is an individual’s skin color associated with the likelihood that they will engage in a cross-ethnoracial friendship? Does the role of skin color depend on the ethnoracial combination of the two groups that befriend one another? Using waves 1, 2, and 3 of the National Longitudinal Survey of Freshmen and a series of multinomial logit models, the results suggest that the role of skin color is a function of the relative levels of social status of the two ethnoracial groups that befriend one another. I argue that lighter-skinned members of lower status ethnoracial groups have a greater likelihood of having close friendships with members of higher status ethnoracial groups. There is also limited evidence that darker-skinned members of a higher status group, specifically Asians, have a greater likelihood of having close friends from a lower status group.