[avfletch]

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I fold. Keep in mind that he's betting into two people one of which is the preflop agressor.
I think it's way more likely that he'd check/raise or check/call a FD here.
Actually, I'd probably check/raise most hands in his shoes.
Naked bluffs, yeah
FD, yeah
Set, yeah

p.s.: You need to play with pokerstove more because you don't seem to understand the very basics of why poker is a good gamble

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Check raising with a flush draw here is a sucky line. If he b3bs it then he catches dead money when the man in the middle calls, I raise then he pushes.

If he check raises it then man in the middle doesn't commit any money when he has nothing and sometimes he'll appear with a real hand and mess up the semi-bluff.

Check calling suffers the same problem of not closing the betting and leaving man in the middle to mess up the plan.

I'm not convinced either is a good way to play any decent FD here and I'd credit villain for knowing it.

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This logic holds for a set as well. So, if you give him credit for doing this with a flush draw you should give him credit for doing it with a set. So, he either has a set or a flush draw and you are drawing dead or are slightly ahead.

Dumle

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Granted but there's a lot more FDs out there than sets.