Taken from The Maine Photographic WorkBook:

The Zone System
A short list of the zones with some physical equivilants for each.
(IMR = Indicated Meter Reading)

ZONE IX
The pure white of the paper base.
Snow, clouds, specular highlights, any whites without detail.
(4 stops more than the IMR)

ZONE VIII
The last zone with remnants of texture.
Direct sunlight on white clothing will render some detail.
(3 stops more than the IMR)

ZONE VII
Bright textured detail.
Average snow, light sand, white clothing, deatail on the clapboard of a white house.
(2 stops more than the IMR)

ZONE VI
Caucasian skin in open sunlight. Skin in portraits made entirely in the shade or overcast light.
(1 stop more than the IMR)

ZONE V
This is middle gray - 18% reflectance.
Average weathered wood, green grass, gray stone orpavement. Panchromatic rendering of the clearnorth sky.
(IMR)

ZONE IV
Medium dark tone, average dark foliage, open shadows. Recommended value for portraits in open sunlight. Brown hair], new blue jeans.
(1 stop less than the IMR)

ZONE III
Darkest shadow area with full detail. Dark clothes, black hair, shadows under cars, etc.
(2 stops less than the IMR)

ZONE II
The first discernable tone above total black, and is the darkest part of a picture where a sense of space is required.
(3 stops less than the IMR)

ZONE I
The blackest black a print can be made to yield.
Doorways, or the enterance into a tunnel; windows opening into unlit rooms.
(4 stops less than the IMR)