Privacy can sometimes be a big concern for users on Facebook, especially sharing the status updates with almost everyone in the friend list. But there is a way out and one can choose to keep only a selected few updated with their status messages. Here is how you can do it:

1) Click on the Settings link located at the topmost part of the page. Under the heading privacy click on the link manage.
2) Click on profile, which would take you to the profile page. The fourth option is Status and Links, from the dropdown you can select customize option. Either you can block friends who could not get your status updates or you can select specific friends from your friend list who would get your status updates.
3) Hit the okay button. Your new privacy settings apply automatically.