Iterables

mylist is an iterable. When you use a list comprehension, you create a list, and so an iterable:

>>> mylist = [x*x for x in range(3)]
>>> for i in mylist:
...    print(i)
0
1
4

Everything you can use "for... in..." on is an iterable; lists, strings, files...
These iterables are handy because you can read them as much as you wish, but you store all the values in memory and this is not always what you want when you have a lot of values.

Generators

Generators are iterators, a kind of iterable you can only iterate over once. Generators do not store all the values in memory, they generate the values on the fly:

>>> for i in mygenerator:
...    print(i)
0
1
4

It is just the same except you used () instead of []. BUT, you cannot perform for i in mygenerator a second time since generators can only be used once: they calculate 0, then forget about it and calculate 1, and end calculating 4, one by one.

Yield

yield is a keyword that is used like return, except the function will return a generator.

>>> def createGenerator():
...    mylist = range(3)
...    for i in mylist:
...        yield i*i
...
>>> mygenerator = createGenerator() # create a generator
>>> print(mygenerator) # mygenerator is an object!
<generator object createGenerator at 0xb7555c34>
>>> for i in mygenerator:
...     print(i)
0
1
4

Here it's a useless example, but it's handy when you know your function will return a huge set of values that you will only need to read once.

To master yield, you must understand that when you call the function, the code you have written in the function body does not run. The function only returns the generator object, this is a bit tricky :-)

Then, your code will be run each time the for uses the generator.