So what's the difference, really?
It's simple--Adobe Flash itself is a software application that you install on your computer in order to create and edit Flash/Shockwave files. It's standalone and can work on its own. The Flash player, however, is a browser plugin that can either act as a standalone or with your default browser in order to play the published end results from the Flash software. The main difference is that Adobe Flash can create and edit, while the Flash player can only view/playback.
Do they use different file extensions?
You bet. An editable Adobe Flash file has an FLA extension, while a playable Flash movie has an SWF or FLV extension. (This, of course, is referring to PCs....as file extension on a Mac are generally optional.)
Can I edit both?
No. The FLA and SWF/FLV files don't contain the same data; the FLA contains all of the working data, while an SWF/FLV only contains the vector, image, audio, and ActionScripting data required to play the movie and display any interactive controls.
Do my viewers need to have the Flash software?
Nope; all they need to view the results of your hard labor is a compatible version of the Flash player, which can be downloaded at Adobe.com.

