This is how I see it in my own eyes!
Zero Draft: You plot, you plan, you get feel for what you want the story to be about and write some samples.
First Draft: You write, let your hands do the typing and your mind flow without concerning yourself if it is great or not. JUST WRITE THE DAMN THING!!!
Second Draft: You make sense of the first draft, look back at the zero draft to tweak things. Edit a bit, revise a bit, then figure out the overall direction.
Third Draft: With fresher eyes, take your edits and revisions to thoughts to write everything in a way that makes sense.
Fourth Draft: You’re gonna need a person to guide you in terms of looking over the things you’ve missed and what needs to change and needs to be added. This could also be for the third draft, depending on the person.
Fifth Draft: Your beta reader/ second pair of eyes hands the draft back to you so that you can make the appropriate edits, revisions, and changes along with additions to your story. Hands out feedback to help you better the story.
Sixth Draft: You begin writing your “final” draft with all the things you’ve done for the previous drafts and beta readers assisting you along with anyone else helping you out. You start this draft with the last edits and revisions and more that you felt needed to get out of the way.
Seventh Draft?: If the sixth draft wasn’t up to par, then maybe this one can do the trick.
Thoughts and feelings?