I bought my iPod touch (5th Gen) and there is no FaceTime icon on the home screen. I tried checking it in Settings but it's not there. How do I find FaceTime?
You should at least see a FaceTime icon in Settings:
If you don't, FaceTime may not available in your country. According to Wikipedia and Apple (see below) these countries don't support FaceTime:
If that's not your case, please check this document. It explains what to do to troubleshoot a missing FaceTime app. This is the relevant section: