This document summarizes the history and use of folksonomies in libraries. It discusses how folksonomies arose from early social bookmarking sites and tagging practices on sites like Delicious. It defines folksonomies as classifications created by users through tagging resources with freely chosen keywords. The document compares folksonomies to professional cataloging schemes and discusses how folksonomies take a bottom-up approach without hierarchies or authority controls. It provides examples of how academic libraries have incorporated folksonomies and tagging through projects and tools to enhance discovery and organization of resources. However, adoption of these practices has been lower than expected, possibly due to users' uncertainty about how their contributions will be viewed.