  The spin ice compounds {\dys} and {\holm} are highly unusual magnets which
epitomize a set of concepts of great interest in modern condensed matter
physics: their low-energy physics exhibits an emergent gauge field and their
excitations are magnetic monopoles which arise from the fractionalization of
the microscopic magnetic spin degrees of freedom. In this review, we provide an
elementary introduction to these concepts and we survey the thermodynamics,
statics and dynamics---in and out of equilibrium---of spin ice from these
vantage points. Along the way, we touch on topics such as emergent Coulomb
plasmas, observable "Dirac strings", and irrational charges. We close with the
outlook for these unique materials.
