It's funny how there are a few different interpretations of the word and each one is used by a certain group of cyclist to knock a different type of rider.
I don't consider you a fred unless you have a full carbon fiber road bike and you're terribly out of shape, but still trying to wear spandex.
utility riders with racks/fenders/bells? that's just smart
bearded hippies dropping roadies in the dust? that's just awesome