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software libre 

is the term commonly used on continental Europe, and increasingly in other non-anglophone areas for Free & Open-Source Software/Code.
Anglophones sometimes have arguments over "free" v. "open" (libre, gratis, abierto...); the continentals don't waste their time.
The Spanish sometimes say codigo abierto (open code) too when referring to this concept.
See free software and FOSS.
FOSS, FLOSS, open-source, free software are all covered by software libre.
Examples of products: Linux, the Apache web server, Firefox
software libre by CarlosC July 28, 2008

Ghetto Libre 

A drink made from Rum and Lime Tang usually made when supplies are low or when you are in Nicaragua.

Un traigo mexclado de Ron y Tang Limon, usualmente hacido cuando no tienes limon o estas en Nicaragua.
That ghetto libre went down smooth the other day!

Damn, we don't have any lime and all we have is plata rum. I guess we'll make ghetto libres.

Mierda, no tenemos limon ni ron Flor de Caña. No te preoccupes, tengo Tang Limon. Que bien!
Ghetto Libre by Wallpro August 6, 2010

nacho libre 

A badass (pronounced buh-das) Jack Black movie.
Nacho Libre: Nachooooooooooooooooooooooo!
nacho libre by theresa June 17, 2006

nacho libre 

a mustache that is undeveloped such as the one in the movie nacho libre.
Kristy, why would you like Jonathan when he has such an ugly nacho libre?

Blind Lucha Libre 

Put a wrestling mask on a girl. Wrestle with her, put her in a sleeper hold and while she is out, bust a nut in her eyes so she cannot open them when she wakes up rendering her blind. (Can also be called the Crusty Lucha Libre)
I was wrestling with your mexican mom last night - put her in a sleeper hold by "accident". I felt it was my moral obligation to give her a blind lucha libre. The crust cums off with a little vaseline.

Nacho Libre 

A New Comedy Movie Coming out starring Jack Black.Looks pretty funny.
I want to go see that movie Nacho Libre.
Nacho Libre by Hymen June 17, 2006