The phrase "Free Parking" refers to a special action that can be taken during a player's turn in the game Monopoly. When a player draws this card, they are allowed to park their token on any space on the board without having to pay rent or follow any other rules associated with landing on an owned property. This means that for one turn, the player is able to use the space as if it were public property and not have to worry about being charged a fee by another player who owns that particular spot.