A freeze pedal is an effects unit, typically used with guitars and other instruments, that sustains a captured moment of sound indefinitely until triggered again.
The Electro-Harmonix Freeze pedal, as highlighted in the provided reference, exemplifies this functionality. It captures the sound being played at the moment the pedal is activated and holds that sound as a sustained note or chord. Releasing and re-engaging the pedal captures a new sound for sustaining. This is a simplified explanation, a freeze pedal offers other features as well.
Freeze pedals work well with other effects pedals, like the Electro-Harmonix POG (Polyphonic Octave Generator).