At work, I do a lot of directory traversal: going from one location to another within the whole (global) filesystem structure. So, to conveniently go back to a previous directory, I use pushd and popd, aside from the usual cd:
$ pwd /home/iandexter $ pushd /etc/sysconfig $ pwd /etc/sysconfig $ popd $ pwd /home/iandexter
You can even echo $DIRSTACK to list the current directories in the stack, and push multiple directories.

If you’re familiar with FRIENDS, a line was said in one episode, that goes something like: “I know you’re talking but all I hear is BLAH BLAH BLAH…” Hee. Have a fine weekend. God Bless.
how about cd -
Thanks, brainbox.
But `cd -` works on a single level only. `pushd` and `popd` are bash only, though — not available in ksh. Then again, I’m almost always into bash.