What is the difference between 'git pull' and 'git fetch'?

Answer 1

I like to have some visual representation of the situation to grasp these things. Maybe other developers would like to see it too, so here's my addition. I'm not totally sure that it all is correct, so please comment if you find any mistakes.

                                         LOCAL SYSTEM
                  . =====================================================    
================= . =================  ===================  =============
REMOTE REPOSITORY . REMOTE REPOSITORY  LOCAL REPOSITORY     WORKING COPY
(ORIGIN)          . (CACHED)           
for example,      . mirror of the      
a github repo.    . remote repo
Can also be       .
multiple repo's   .
                  .
                  .
FETCH  *------------------>*
Your local cache of the remote is updated with the origin (or multiple
external sources, that is git's distributed nature)
                  .
PULL   *-------------------------------------------------------->*
changes are merged directly into your local copy. when conflicts occur, 
you are asked for decisions.
                  .
COMMIT            .                             *<---------------*
When coming from, for example, subversion, you might think that a commit
will update the origin. In git, a commit is only done to your local repo.
                  .
PUSH   *<---------------------------------------*
Synchronizes your changes back into the origin.

Some major advantages for having a fetched mirror of the remote are:

• Performance (scroll through all commits and messages without trying to squeeze it through the network)
• Feedback about the state of your local repo (for example, I use Atlassian's SourceTree, which will give me a bulb indicating if I'm commits ahead or behind compared to the origin. This information can be updated with a GIT FETCH).