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Also checkout Cmder (http://bliker.github.io/cmder/) for a pre-customised ConEmu that bundles several useful UNIX commands. Plus ConEmu supports Quake-style dropdown that has radically improved my work-flow on Windows.

Also Powershell is pretty awesome if you take the time out to learn it.

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This. ConEmu combined with cmd/msys/cygwin/powershell is as close to a proper unix terminal app one can get. I actually find ConEmu itself better than the corresponding Gnome/KDE/Xfce/OsX applications.

Why does the default prompt have {git} and {lamb}? Is there any intro documentation?

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