look up any word, like the eiffel tower:
The act of simplifying one's life in any shape, form or fashion, thus resulting in more freedom or freetime.
"Freeafying" can be achieved by the simplest of means - the removal of a long-worn piece of jewelry, to the political arena when a person stops calling themselves 'liberal conservative Democrat,' to the social area in ceasing any existence or contact in an online social network, etc.

Was first coined here at the Colbert Report's official on-line site by the user WolvesvsPalin who is also listed as "Freeafying"
by WolvesvsPalin April 02, 2011