PHREEK is occasionally used in geek-dorm culture to stand for Phuck man/woman/thing, u REEK! Commonly used as a teasing call after someone has gotten back to the dorm from some sort of physical activity, or stinks of booze, pot or other drugs.
The time period that starts after lunch on Friday and ends when the weekend starts.
Usually in this time period it is particularly hard to focus on work tasks and it is more likely that people are chatting, shopping online and/or doing other non-work related activities.
Guy 1: Hey man, wanna go for a swim?
Guy 2: No way, you know I hate swimming.
Guy 1: Just Phelps Phreestyle it'll make the pool more enjoyable and you'll swim so much faster
Guy 2: Sounds good, go get the bong!