Principality of Freedonia (www.freedonia.org) is a micronation that is currently trying to obtain a physical piece of land to have sovereign rights on. They want to establish a new nation with government based on "maximum freedom for all citizens, and ultra low taxation".

after http://www.freedonia.org/

Also a fictional nation in the Marx Brothers comedy Duck Soup. Their neighbor, rival, and eventual enemy, was Sylvania.

The Freedonian national anthem went like this:

o/~
          Hail, Hail, Freedonia
          Land of the free and brave!
                                                    o/~

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