Free beer laid out around time (9)
I believe the answer is:
liberated
'free' is the definition.
(similar in meaning)
'beer laid out around time' is the wordplay.
'out' is an anagram indicator (out can mean wrong or inaccurate).
'around' is an insertion indicator.
'time' becomes 't' (abbreviation).
'beer'+'laid'='beerlaid'
'beerlaid' anagrammed gives 'liberaed'.
'liberaed' placed around 't' is 'LIBERATED'.
(Other definitions for liberated that I've seen before include "Emancipated" , "let loose" , "Having stolen" , "Freed from social conventions" , "Free" .)