Flicker noise is a type of electronic noise with a 1/f, or pink power density spectrum. It is therefore often referred to as 1/f noise or pink noise, though these terms have wider definitions. It occurs in almost all electronic devices, and can show up with a variety of other effects, such as impurities in a conductive channel, generation and recombination noise in a transistor due to base current, and so on. 1/f noise in current or voltage is always related to a direct current because it is a resistance fluctuation, which is transformed to voltage or current fluctuations via Ohm's law. In mechanics, it was found in the earth’s rate of rotation, undersea currents and the hourglass flow of sand fluctuations.
In electronic devices, it shows up as a low-frequency phenomenon, as the higher frequencies are overshadowed by white noise from other sources. In oscillators, however, the low-frequency noise can be mixed up to frequencies close to the carrier which results in oscillator phase noise.
Flicker noise is often characterized by the corner frequency fc between the region dominated by the low-frequency flicker noise and the higher frequency "flat-band" noise. MOSFETs have a higher fc (can be in the GHz range) than JFETs or bipolar transistors which is usually below 2 kHz for the latter.
The flicker noise voltage power in MOSFET can be expressed by K/(Cox•WLf), where K is the process-dependent constant, Cox is the oxide capacitance in MOSFET devices, W and L are channel width and length respectively.
Flicker noise is found in carbon composition resistors, where it is referred to as excess noise, since it increases the overall noise level above the thermal noise level, which is present in all resistors. In contrast, wire-wound resistors have the least amount of flicker noise. Since flicker noise is related to the level of DC, if the current is kept low, thermal noise will be the predominant effect in the resistor, and the type of resistor used may not affect noise levels, depending the frequency window.
The measurement of 1/f noise spectrum in voltage or current is done in the same way as the measurement of other types of noises. Sampling spectrum analyzers take a finite-time sample from the noise and calculate the Fourier transform by FFT algorithm. Then, after calculating the squared absolute value of the Fourier spectrum, they calculate its average value by repeating this sampling process by a sufficiently large number of times. The resulting pattern is proportional to the power density spectrum of the measured noise and it is then normalized by the duration of the finite-time sample and also by a numerical constant in the order of 1 to get its exact value. This procedure gives correct spectral data only deeply within the frequency window determined by the reciprocal of the duration of the finite-time sample (low-frequency end) and the digital sampling rate of the noise (high-frequency end). Thus the upper and the lower half decades of the obtained power density spectrum are usually discarded from the spectrum. Conventional spectrum analyzers that sweep a narrow filtered band over the signal have good signal-to-noise (SNR) since they are narrow band instruments. Unfortunately, these instruments do not operate at frequencies low enough to fully measure flicker noise. Sampling instruments are broad-band, and hence high noise. They reduce the noise by taking multiple sample traces and averaging them. Conventional spectrum analyzers still have better SNR due to their narrow-band acquisition.
Removal in instrumentation and measurements 
For DC measurements 1/f noise can be particularly troublesome as it is very significant at low frequencies, tending to infinity with integration/averaging at DC. At very low frequencies, you can think of the noise as becoming drift, although the mechanisms causing drift are usually distinct from flicker noise.
One powerful technique involves moving the signal of interest to a higher frequency, and using a phase-sensitive detector to measure it. For example the signal of interest can be chopped with a frequency. Now the signal chain carries an AC, not DC, signal. Accordingly, you can filter out the DC by using AC-coupled stages. This filtering of DC also attenuates the flicker noise. You then use a synchronous detector, that samples the peaks of the AC signal, which are equivalent to the original DC value.
See also 
- Achieving Accurate On-Wafer Flicker Noise Measurements Through 30 MHz(PDF), By Mark Hansen, May 2009, Cascade Microtech, Inc.
- Behzad Razavi, Design of Analog CMOS Integrated Circuits, McGraw-Hill, 2000, Chapter 7: Noise.
- Johnson, J. B. (1925). "The Schottky effect in low frequency circuits". Physical Review 26: 71–85. Bibcode:1925PhRv...26...71J. doi:10.1103/PhysRev.26.71.
- Schottky, W. (1918). "Über spontane Stromschwankungen in verschiedenen Elektrizitätsleitern". Annalen der Physik 362 (23): 541–567. Bibcode:1918AnP...362..541S. doi:10.1002/andp.19183622304.
- Schottky, W. (1922). "Zur Berechnung und Beurteilung des Schroteffektes". Annalen der Physik 373 (10): 157–176. Bibcode:1922AnP...373..157S. doi:10.1002/andp.19223731007.
- Rane Pro Audio Reference definition of "flicker noise"
- Noise Tutorial