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A freeroll is a tournament that is free to entery but pays out cash or an entry into another tournament where that one pays cash.
Usually you need to buy-in to the freeroll with player points or some other condition, like you played x amount of raked hands in a certain time period.
Simply put, a freeroll is a tournament where it's "free" to enter and you have a chance to win something of value.
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"Ok, this is for the game. How you doin' over there? NOT TOO GOOD!"" -Bubble Boy
freeroll is where you send me like $50/$100 and i do whatever i want with it. i might spend it, i might keep it, i might invest it into a poker game. its a freeroll for you!
A freeroll can also mean another thing. Ex. You and another player both have a straight, but your opponent has a flushdraw to go with the made straight which means he's freerolling for the flush. This is more common in omaha than it is in holdem though.
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Can someone explain “freeroll” to me.
your opponent has 
you have half the pot locked up, but are "freerolling" to hit your flush and scoop the whole pot.
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