The discovery of counterparts in X-ray and optical to radio wavelengths has
revolutionized the study of gamma -ray bursts, until recently the most eni
gmatic of astrophysical phenomena. We now know that gamma -ray bursts are t
he biggest explosions in nature, caused by the ejection of ultrarelativisti
c matter from a powerful energy source and its subsequent collision with it
s environment. We have just begun to uncover a connection between supernova
e and gamma -ray bursts, and are finally constraining the properties of the
ultimate source of gamma -ray burst energy. We review here the observation
s that have led to this breakthrough in the field; we describe the basic th
eory of the fireball model and discuss the theoretical understanding that h
as been gained from interpreting the new wealth of data on gamma -ray burst
s.