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1.
A freeter in Japanese means someone in their 20's who is moving from job to job, mainly part time jobs which pay small wages. There are 3 types of freeters, ones who are seeking their dream careers thus doing these odd jobs, those who refuse to become 'wage slaves', and mostly those who have no choice.
by Logick June 19, 2003
 
2.
A parking meter that already has time on it.
I drove to the library and found a freeter! Since I was making a quick stop, I didn't even need to put money in the meter.
by Tasha July 10, 2005