I was thinking earlier today how inconvenient the dock (OS X) is to only have a select few applications available unless you have a really bick dock and cram them all in if you need room. So i figured it might be convenient to have a link to my Applications folder so i can go directly to it instead of opening finder and clicking on my applications folder in the toolbar or navigating to it. At first, i was dissapponted because i couldn't drag it onto the dock, but realized i could in the bottom portion, just above the trash can. So, in Apple tradition not only was I happy with the results, there's an added bonus. If i right-click on the folder it will bring up a menu of the folder's contents, so i can instantly access anything in my applications folder by right-clicking on it's icon in the dock.Update
I tried it with my hard drive, so now i also have my hard drive in my dock which is navigable with the mouse via menus... a la OS/2 style. Hopefully this should reduce the amount of times i have to open up finder and go to a file or application, which can be taxing on this particular machine.
Yet another reason why OS X kicks so much ass. I still only have one icon on my desktop!
Along the same lines so not worth a new update. I just realized there is a native MPlayer for OS X. Bonus!