What is cool about generics, why use them?

I thought I'd offer this softball to whomever would like to hit it out of the park. What are generics, what are the advantages of generics, why, where, how should I use them? Please keep it fairly basic. Thanks.

• Allows you to write code/use library methods which are type-safe, i.e. a List<string> is guaranteed to be a list of strings.
• As a result of generics being used the compiler can perform compile-time checks on code for type safety, i.e. are you trying to put an int into that list of strings? Using an ArrayList would cause that to be a less transparent runtime error.
• Faster than using objects as it either avoids boxing/unboxing (where .net has to convert value types to reference types or vice-versa) or casting from objects to the required reference type.
• Allows you to write code which is applicable to many types with the same underlying behaviour, i.e. a Dictionary<string, int> uses the same underlying code as a Dictionary<DateTime, double>; using generics, the framework team only had to write one piece of code to achieve both results with the aforementioned advantages too.

I really hate to repeat myself. I hate typing the same thing more often than I have to. I don't like restating things multiple times with slight differences.

Instead of creating:

class MyObjectList  {
   MyObject get(int index) {...}
}
class MyOtherObjectList  {
   MyOtherObject get(int index) {...}
}
class AnotherObjectList  {
   AnotherObject get(int index) {...}
}

I can build one reusable class... (in the case where you don't want to use the raw collection for some reason)

class MyList<T> {
   T get(int index) { ... }
}

I'm now 3x more efficient and I only have to maintain one copy. Why WOULDN'T you want to maintain less code?

This is also true for non-collection classes such as a Callable<T> or a Reference<T> that has to interact with other classes. Do you really want to extend Callable<T> and Future<T> and every other associated class to create type-safe versions?

I don't.