What is social bookmarking? Essentially, it's "tagging" your favorite sites rather than saving them in your browser. That way, not only can you reach them from any computer, but you can easily share them with others - and see other people's favorites too.
This article sums it up quite nicely, I think.
Social Bookmarking 101
What I like about this article is that it shows how Social Bookmarking sites are really intelligent search engines. You've already narrowed your search to interesting sites before you've even started.
There are lots of social bookmarking sites but the two most popular currently are
Delicious
Diigo
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