Ok. Well I’ll start with something easy . Something I’ve done before and not too personal.
Here’s a list of some of my favourite free or open source software. I posted this on my Myspace blog about four months ago. Some of them are pretty well known and you might already be using them. Some of them will probably be too advanced for most users.
Hopefully there’s something here for everyone 
3d modeling and animation
Anim8or
“Anim8or is a free 3d animation and modeling program. It includes modeling, character design, and scene animation support, and can read and write 3d files”
DeleD lite
“DeleD is a 3D modeler designed to help you create content for your game project, whether you’re a professional or indy game developer.”
Blender
“Blender is the open source, cross platform suite of tools for 3D creation.”
UVmapper
“UVMapper is a freeware Windows and Macintosh utility for texturing 3D models.”
Security
Avast! Antivirus
“Avast! 4 Home Edition is a full-featured antivirus package designed exclusively for home users, non-commercial users.”
Ad-Aware 2007
“Scan your system for ad-supported software components and remove them.”
ZoneAlarm
“ZoneAlarm is an easy-to-use firewall that blocks hackers and other unknown threats.”
Emulators
ZSNES
“ZSNES is a Super Nintendo emulator programmed by zsKnight and _Demo_.”
VisualBoyAdvance
“VisualBoyAdvance is a Gameboy/GBA emulator for Windows.”
Project64
“Project64 is a great, free Nintendo 64 emulator which can emulate a lot of the comercial n64 roms out there.”
ePSXe (needs playstation bios files, which can be hard to find)
“ePSXe is a playstation videogame emulator for windows and linux.”
DOSBox
“An open source DOS emulator for BeOS, Linux, Mac OS X, OS/2, and Windows. Primarily focuses on running DOS Games.”
Internet
Firefox
“The Firefox Web Browser is the faster, more secure, and fully customizable way to surf the web.”
GetRight
“GetRight extends your file-downloading power by resuming broken downloads and accelerating them to make them faster and more flexible.”
StumbleUpon
“StumbleUpon is a web browser plugin that allows its users to discover and rate webpages, photos, videos, and news articles.”
Windows Live Messenger
“Windows Live Messenger is the next-generation MSN Messenger. It has everything you already love about Messenger, and much more!”
Media players and codecs
WinAmp
“Play and organize a variety of audio and video files, as well as rip and burn CDs.”
Lyrics Plugin
“Lyrics Plugin is a piece of software tailored for music fans. To put it simply – it is an add-on to view lyrics in WinAmp or Windows Media Player.”
Energy Bliss for WMP
“The ultimate visualization companion for Windows Media Player 10. Includes album artwork and track information right in the visualization.”
Quicktime Alternative
“QuickTime Alternative will allow you to play QuickTime files (.mov, .qt, .3gp and other extensions) without having to install the official QuickTime Player.”
FFDShow
“Open source DirectShow decoding filter for DivX, XviD, WMV, MPEG-1 and MPEG-2, based on libavcodec from the FFmpeg project.”
AC3Filter
“AC3Filter is a high quality free audio decoder and processor filter. It allows media players to playback movies with AC3 and DTS audio tracks.”
Media Editors and convertors
VirtualDubMod
“VirtualDubMod is a unification of several popular modifications of the famous video editing software VirtualDub.”
Audacity
“Audacity is a free, easy-to-use audio editor and recorder for Windows, Mac OS X, GNU/Linux, and other operating systems.”
PSP Video 9
“PSP Video 9 is a free PSP video conversion and management application.”
Games and animation
Liveswif
“LiveSwif is a free flash maker like Flash MX or Swish.”
GameMaker (haven’t used the latest version yet, looks good though)
“Game Maker allows you to make exciting computer games, without the need to write a single line of code.”
File compression
WinRAR
“WinRAR provides the full RAR and ZIP file support, can decompress CAB, GZIP, ACE and other archive formats.”
7zip
“Open source Windows utility for manipulating archives. Formats 7z, ZIP, GZIP, BZIP2 and TAR are supported fully, other formats can be unpacked.”
WinUHA
“UHARC is a high compression multimedia archiver. It has a better compression ratio than ZIP, RAR, ACE, etc… WinUHA is a powerful GUI (Graphical User Interface) for UHARC.”
Misc
DAEMON Tools (Go for the older, spyware-free version)
“The FREE Virtual CD/DVD-ROM-EMULATOR. Works with nearly all common imagetypes. Emulates nearly all known protections.”
Advanced Installer
“Windows Installer authoring tool with built-in support for Java applications, integrating them fully into the Windows OS and making them look and feel just like a native application.”
A.F.5 Rename your files
“Use various easy-to-use functions to rename hundreds of files in a few seconds.”
WordWeb
“WordWeb is a one-click English thesaurus and dictionary for Windows that can look up words from in almost any program.”
Unlocker
“Get rid of error message like Error deleting file or folder, cannot delete folder: it’s being used by another person or program.”
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Brilliant!
i am gonna show this to my friend, dude