These types of puzzles are known as charades. What you have to do is to find two words that are referred to in the first stanza and the second stanza and put them together to form the third word in the third stanza.
Just for example, if my first refers to 'off' and my second refers to 'ice', then my whole will be the 'office'.
My first is present - future's past -
A time in which your lot is cast.
My second is my first of space
Defining people's present place.
My whole describes a lack of site -
A place without length, breadth, or height.
It has five wheels, though often think four, You cannot use it without that one more, You can put things in it, you can strap things on top, You can't find it in the market, but you can still go shop. What is it?
A landlord calls both of his sons and tells them that their horses will now decide who will transfer the inheritance. He tells them to race along the land till the end and the one whose horse will be slower will win and be the heir to all the property.
Both of them keep wandering for days but to no result. Then they ask a wise man regarding it. The man advises them on the matter after which they jump on the horses and race as fast as they can till the end. Why did they do it?
Christina is older than Kareena and Karishma. Katrina is older than Karishma and younger than Kareena. If Kareena has a brother named John, who is older than Christina, who's the youngest?
I am a five-letter word and people eat me. If you remove the first letter I become an energy form. If you remove the first two letters, I am needed to live. Scramble the last three letters and I am a drink. What word am I?
In 2007, a puzzle was released and $2 million prizes were offered for the first complete solution. The competition ended at noon on 31 December 2010, with no solution being found. Wiki