The act of speeding just after escaping from an area of dense traffic. Flooring it after you pass the car in front of you often leading to speeding tickets or warnings.
"Jim got pulled over yesterday for freedom speeding on the freeway."
"Freakin cop pulled me over when i was only freedom speeding for ten seconds."
To hide one (or more) bottles of the horrible english beer "Old Speckled Hen" in a friend's residence. When more than one bottle is being hidden it is customary to place one bottle in an obvious location, thus alerting the "victim" that they have been speckled and another bottle has been hidden more cleverly.
When you're walking/riding/driving so slow that you get aggraveted by the situation, so you say "I'm speeding like a plum!". Since plums can't speed at all the direct meaning is contrasted in a sarcasticdefinition, emphasized as going so slow, almost stopping.
(carrying Corey in the bike)
Corey: Hurry up Tim! We're late for the soccer game!
Tim: I can't! I'm doing the best I can but You're too heavy.. we are speeding like a plum!
v. The act of walking a soccer ball into the opposing goal or ones own goal as demonstrated by the great David Speedlin in a Central Catholicsoccer game, thus making one's opponents or self, respectively, look like a jackass.