The word "放浪不羁" is formed through the direct combination of four characters: "放" (to release), "浪" (wandering, like a wave), which together as "放浪" convey uninhibited behavior, and "不" (not) plus "羁" (to restrain), which together as "不羁" mean unconstrained. The phrase structurally pairs these two concepts, with "放浪" describing the action of being free-spirited and "不羁" negating any restriction, resulting in a compound that emphasizes a state of complete lack of restraint.