The shortcuts called alias with no renaming!
What is commonly known as shortcuts in the Windows world is called an alias in OS X. I think alias are less and less useful with the newer versions of the OS. The dock and now the upcoming stacks really reduce the need of aliases. They are still useful though, but I always thought that the process of creating them is a pain. When you use the "Make alias" feature, it creates the alias in the same folder and adds "alias" to the name. You then have to move it around and rename it. There is a very useful feature that lets you create an alias while dragging it to another folder. You simply have to hold down "Command-Option" while dragging it. An arrow will appear showing you that you are indeed creating an alias and you are not moving the original file! This is faster, but not only because you don't have to move it, also because you don't have to rename it! I never realized this but because it is not created in the same folder as the original file, there is no name conflict and it doesn't add "alias" to the name. This way of doing it really makes much more sense!