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The sticky bit on an executable really isn't used that much anymore, but in earlier Unix systems it meant that the executable file should be loaded from the swap file rather than from the file system. For commonly executed programs this resulted in a much faster loading time for users. Modern Unix systems will still let you set the sticky bit on an executable but it doesn't have the same meaning as it used to, since current day loaders are much better at determining where programs are.

The sticky bit on a directory means that only the user may delete a file or directory in that directory. This is usually used in a file system such as /tmp, which is world writable. Without the sticky bit, any user could delete someone else's file. With the sticky bit, they have to be the owner to do that.

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