I recently saw this in a demonstration online in someones Terminal:
Notice the path-bar-like style of the prompt, any ideas how you can get that? Some kind of customisation I'd assume?
The prompt is defined by the PS1 environment variable which you can define in your ~/.profile file. For example to make it simply a "$" put this line in your .profile:
Then "source" (
source ~/.profile) the file to make the changes active if you've edited it in a terminal or just open a new Terminal.
Details of the fancy special things you can insert there can be found by searching PS1, a good set of examples can be found at The Geek Stuff most examples are for Linux but it's nearly the same (possibly identical not 100% sure though)