Wordnet 3.0
NOUN (2)
1. 
 someone who stands in a place where one might otherwise sit (as a spectator who uses standing room in a theater or a passenger on a crowded bus or train); 
- Example: "the allowed number of standees is posted"2. 
 a lifesize cardboard cutout (usually of a celebrity); 
- Example: "he had his picture taken with a standee of the president"
WordNet (r) 3.0 (2006):
standee
    n 1: someone who stands in a place where one might otherwise sit
         (as a spectator who uses standing room in a theater or a
         passenger on a crowded bus or train); "the allowed number
         of standees is posted"
    2: a lifesize cardboard cutout (usually of a celebrity); "he had
       his picture taken with a standee of the president"