Explain about Generics?

Generics are not a completely new construct; similar concepts exist with other languages. For example, C++ templates can be compared to generics. However, there's a big difference between C++ templates and .NET generics. With C++ templates the source code of the template is required when a template is instantiated with a specific type. Contrary to C++ templates, generics are not only a construct of the C# language; generics are defined with the CLR. This makes it possible to instantiate generics with a specific type in Visual Basic even though the generic class was defined with C#.

ref: http://www.aspdotnetfaqs.com/