After the fun the Dutch police had with some Freedom Hosting users, the admin has made Freedom Hosting invite only to limit new sign ups from DOSing his SQL server.
Silk Road used to use Freedom Hosting in the early days! You get a nice web panel interface to upload and edit files. It also unzips any uploaded zip files to save you time migrating your website. It lets you generate your own unique .onion ID for your website which disguises the fact that you are using Freedom Hosting and is useful for using in combination with tor2web.org
You can create SQL databases for your site so you can host dynamic php pages such as blogs or forums etc.*
You can, of course, also host plain HTML pages and files. You can create/edit HTML pages using the webpanel's text editor.
Serving suggestion: If you are a seller you could set up a website for out of escrow transactions* or just have a place for your menu and public key in case Atlantis goes offline.
Serving suggestion: You could even use a URL shortener service like http://tinyurl.com in combination with tor2web.org to implement your own anonymous, censorship resistant website on the normal web!
Example: I have a website I give to my real life friends so they quit phoning me everyday to find out if I have green.
http://tinyurl.com/rentons-menu <--- Here is a pretend one to illustrate my suggestion. Wouldn't you love to have a friend like me?
I've been selling these over at Silk Road for 2 years: http://silkroadvb5piz3r.onion/silkroad/item/4affec2f10