Reminds me of one of my favorire stories. Check it out, and see if you can pick the Fred:
http://www.cyclingutah.com/oct/oct99/fast.html
Have you noticed that Freddism is based on perspective? A cyclist on a $4000 bike is more likeley to call the hippie a Fred and vice versa.
BTW, for the record, I'm not a Fred. I'm a geek.