In these days Google is keeping an eagle eye on those sites which are famous on social sites and rank them more.

social bookmarking is a activity of storing specific url in specific location for future use. This can help to increase traffic and link to your site.

Social bookmarking refers to the practice of saving bookmarked Web pages to a public Web site as a way to share the links with other Internet users:

Social bookmarking is a method for web users to store, organize, search, and manage bookmarks of web pages on the Internet with the help of tags or keywords on sites such as Digg or Del.icio.us.

Social Book Marking is a way through which we can generate good traffic and back links as well.

social bookmark strategy once gave a high level first level high pageranked backlinks for bloggers and website owners .
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If you share your idea in social site, that is call social bookmarking.

Social bookmarking is a method for Internet users to organize, store, manage and search for bookmarks of resources online

On some pages on this site you will see a list of links to social bookmarking sites such as Facebook, Del.icio.us, CiteULike and Connotea.
Social bookmarking sites allow you to store, tag and share links. You can share these links with friends and colleagues. You can also access your links from anywhere in the world (as long as you can connect to the internet).

So, if you find a page that is of interest you can easily save it for future reference or share it with other people, simply click on one of the Social Bookmarking links to add to your list.

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Social bookmarking is defined as a method for Internet users to store, organize, search, and manage bookmarks of web pages on the Internet. If you have ever posted your link to one of your blog articles with Digg you have social bookmarked it.

Social Bookmarking has a number of seo services advantages:

You may get a backlink when you bookmark a page on your site (I say “may” because some bookmarking sites use “nofollow” in their backlinks).
Bookmarking a new page or a new blog post on your site can help get that page indexed in the search engines quickly.
Most social bookmarking sites allow you to use tags. You can list your target keywords in these tags and this can help your ranking for these keywords

Yes......James Andy you are right....