The phrase references a specific version of video editing software, adapted for use without traditional installation procedures, and acquired without cost. It implies a version of Adobe Premiere Pro CS3 that is designed to run directly from a portable storage device, such as a USB drive, and obtained for free. This contrasts with licensed versions that require formal installation and payment.
The appeal stems from the convenience of using the software on various computers without administrative privileges, along with the perceived cost savings. Historically, distributions of this nature emerged as users sought alternatives to expensive professional software. However, it is essential to acknowledge that downloading and using such versions frequently involves legal and security risks. These can include copyright infringement and exposure to malware.