LEDs
LED stands for light emitting diode.
They come in multiple forms and shapes. Here are some of the more popular sizes
Packages
3mm - very tiny also common
5mm - very common throughole
10mm - uncommon, pretty fat led, awesome to play with
0805 - surface mount
1206 -
PLCC-2 -
PLCC-4 - often used in bicolor leds
PLCC-6 - often used in tricolor leds
millicandela mcd
10 nice moderate indicator
100 pretty bright indicator
1000 very bright, look for a diffusor if you intend to use it
5000+ really bright, things start tasting blue, hopefully this is a flashlight
10,000 You should not ever look at this directly
mcd to lumen calc
http://led.linear1.org/lumen.wiz
Colors
625nm AlGaInP - 2.1V Brilliant Red
617nm - 2.1V Amber
590nm - 2.2V Yellow
527nm InGaN - 3.4V Brilliant Green
470nm InGaN - 3.4V Blue