Join Date: Feb 2003
Location: Fort Wayne, Indiana
Bikes: 84 Trek 660 Suntour Superbe; 87 Giant Rincon Shimano XT; 07 Mercian Vincitore Campy Veloce
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Supcom is right. Try to find a lube called "Speed Skate Lube"; just as the name implies it's used on inline skate wheels. This stuff is great, you just use the spray nozzle (tube) and hose it into the freewheel while spinning it at a casual speed laying face (gears) up so the it doesn't drip out for about 30 seconds; then keep spinning the wheel for about 5 minutes after that, let it dry for about 12 hours then ride and see what happens. If it doesn't work then you need to replace the freewheel.
But the Speed Skate Lube works on all kinds of things, hinge sqeaks, chains, pivot points on various bike parts, wheel bearings (not car) etc.