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.
One day, John and his friends were playing around. Jacob hit something with a Pin and it popped. John's dad came into the room that very moment, but he wasn't mad. In fact, he was smiling. What did Jacob hit?
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?