It works on my machine with a few tweaks:

http://ix.io/yW4

The first patch adds X11INC and freetype2 to INCS, this fixes the build on OpenBSD.

The second is optional and removes all of the "echo CC ..." and @ in the Makefile. I don't understand why projects do that, anyway, surely it just makes it harder to see what the invocation was when something goes wrong? I removed it and discovered the reason why it wasn't building, so it's unhelpful to see "CC" instead of the actual command run.

Other than that, it does work with some xft fonts on my system, so you can chalk this one up as a success, I think.

Ok to commit the patches? Thoughts?