Fred n. 1) a person who spends a lot of money on his bike and clothing, but still can't ride, Poser. 2) A person who has a mishmash of old gear, doesn't care at all about technology or fashion, didn't race or follow racing, etc. Often identified by chain ring marks on white calf socks. Myth has it that "Fred" was actually a well-known grumpy old touring rider.
Some Freds are actually powerful riders that just don't care what others think.
1. Me and Jerry were riding flat out when some Fred on a rusty, Schwinn World blew past us like we were standing still. We tried to catch him but he was too fast.
2. Check out that guy! He's 100 pound over weight and his bike is a Lance Armstrong replica. The dude even has the Discovery Team kit. He must have spent 7 grand. What a Fred.