Let $G$ be a locally compact group. Let $A_{M}(G)$ ($A_{0}(G)$)denote the closure of $A(G)$, the Fourier algebra of $G$ in the space of bounded (completely bounded) multipliers of $A(G)$. We call a locally compact group M-weakly amenable if $A_M(G)$ has a bounded approximate identity. We will show that when $G$ is M-weakly amenable, the algebras $A_{M}(G)$ and $A_{0}(G)$ have properties that are characteristic of the Fourier algebra of an amenable group. Along the way we show that the sets of tolopolically invariant means associated with these algebras have the same cardinality as those of the Fourier algebra.

Let $G$ be a locally compact group, and let $A_{\cb}(G)$ denote the closure of $A(G)$, the Fourier algebra of $G$, in the space of completely bounded multipliers of $A(G)$. If $G$ is a weakly amenable, discrete group such that $\cstar(G)$ is residually finite-dimensional, we show that $A_{\cb}(G)$ is operator amenable. In particular, $A_{\cb}(\free_2)$ is operator amenable even though $\free_2$, the free group in two generators, is not an amenable group. Moreover, we show that if $G$ is a discrete group such that $A_{\cb}(G)$ is operator amenable, a closed ideal of $A(G)$ is weakly completely complemented in $A(G)$ if and only if it has an approximate identity bounded in the $\cb$-multiplier norm.