These types of puzzles are known as charades. What you have to do is 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 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.
500 women soldiers are arranged in an array of ten rows and fifty columns in accordance with their respective heights. Now, the tallest woman from each row is asked to move out in the front. From them, the shortest one is labelled as Alpha. They are then asked to resume their original position.
Now, the shortest woman in each column is asked to come out in front. The tallest among them is labelled as Beta.
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