Pesher.
Who is like the wise man and who knows the interpretation of a matter? (Ecclesiastes 8:1 NASB)
This is the use of the word 'pesher' in the hebrew versions of the OT. It has an English meaning of interpretation. But in Aramaic versions, a similar Aramaic word, peshar is used 31 times in that version of Daniel, mainly as you likely guessed, in connection with the interpretation of dreams.
The peshar format quotes a Biblical text (often very freely) and then gives an interpretation that applies the text to the writer's (of the pesher) world, or to the future . We see a similarity to midrash, but the writers of pesharim, like, as an example, the Qmran (Dead Sea) scrolls often claimed divinely given insight that enabled the peshar or interpretation.
It assumed a two stage process. In the first stage, the Biblical writer is inspired to write the prophecy, but it remains a mystery until the second stage and God giving the interpretation to his servant. So in the Qmran scrolls we have (to illustrate) the Habakkuk Commentary:
it says that "God commanded Habakkuk to write the things that were coming on the last generation, but the fulfillment of the epoch He did not make known to him. And as for the words, that a man may read it swiftly; their interpretation (pesher) concerns the Teacher of Righteousness, to whom God made known all the mysteries (razei) of the words of His servant the prophets" (1Qp Hab. 7:1–5, on Hab. 2:1ff.).
This is completely in accordance with the statement at the beginning of the Damascus document, that God raised up for the righteous remnant "a Teacher of Righteousness to lead them in the way of his heart, that he might make known to the last generations what he was going to do to the last generation" (CD 1:10–12). Not until the two parts of the revelation, the raz and pesher, are brought together is its meaning made plain. The revelation, moreover, is predominantly concerned with the time of the end, the last generation of the current epoch. Three basic principles of Qumran interpretation have already shown themselves:
(1) God revealed His purpose to the prophets, but did not reveal to them the time when His purpose would be fulfilled; this further revelation was first communicated to the Teacher of Righteousness.
(2) All the words of the prophets had reference to the time of the end.
(3) The time of the end is at hand.
From the Jewish Virtual Library:
Link: http://www.jewishvirtuallibrary.org/jsource/judaica/ejud_0002_0016_0_15650.html
NT writers used this technique also, check Romans 10:6-9. Here the NT writer interprets Deuteronomy 30:12-14, quoting these verses in a very free translation and then providing a pesher as an explanation.
And, its interesting to note that Paul may have modelled his interpretation on an existing Jewish paraphrase preserved in a recently discovered Neofiti Targum ( See M. McNamara, The New Testament and the Palestinian Targum to the Pentateuch, Rome, 1966, pp.73-77).
So, for those who wonder if the NT is inspired, at what point was the above 'pesher' inspired? Was it inspired when the author of the Neofiti Targum wrote it? Or, when Paul copied it?
It is also quite clear that when Charlie or Freddy (or, any Bible teacher for that matter) gave us an explanation of a Bible verse in a WT study article, and used an adaption of the pesher technique, was he inspired? Hmmm! apparently not in the case of Charlie and Freddy, as his interpretations havn't quite come true, any more than the pesher of the Teacher of Righteousness, have come true.