File Allocation Table (FAT) is a partially patented file system developed by Microsoft for MS-DOS and was the primary file system for consumer versions of Microsoft Windows up to and including Windows Me. FAT as it applies to flexible/floppy and optical disk cartridges (FAT12 and FAT16 without long file name support) has been standardized as ECMA-107 and ISO/IEC 9293.
The FAT file system is relatively uncomplicated, and is supported by virtually all existing operating systems for personal computers. This ubiquity makes it an ideal format for floppy disks and solid-state memory cards, and a convenient way of sharing data between disparate operating systems installed on the same computer (a dual boot environment).
The most common implementations have a serious drawback in that when files are deleted and new files written to the media, directory fragments tend to become scattered over the entire media, making reading and writing a slow process. Defragmentation is one solution to this, but is often a lengthy process in itself and has to be performed regularly to keep the FAT file system clean.
Links:
http://maettig.com/?page=Studium/FAT32
http://en.wikipedia.org/wiki/File_Allocation_Table
http://www.microsoft.com/whdc/system/platform/firmware/fatgen.mspx
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