The name suits this program really well. How so? napster_324's creation does what you probably think it does: FreeSpacerv2 allows you to "free 5MB of space with it in flash0".
And why the quotes? We're just showing you how he uses the English language, because he's not really confident speaking (or writing) it (check the forum thread at the bottom). But that doesn't really matter much because like most of what the forum-goers said, "Your English is just fine, it gets the point across just fine." (Right on, Ninjax1!)
FreeSpacerv2 works by allowing the you to enable or disable the following in your PSP: