Pigz - multicore version of gzip.
zlib.net
zlib.net
One of the main reasons I stay the hell away from OSS unless I can fork it.
When we changed NASA Nebula from XEN to KVM we had to tweak a few files in every image, this sped up the conversion by minutes per image.
It's definitely needed since XZ is fairly slow.
There's also MPIBZIP2 which uses (IIRC) libmpi to do bzip2 compression/decompression across several machines. We messed with that too, but it wasn't worth the added complexity.
/usr/ports/archivers/pigz Parallel GZIPAustralians would pronounce it as "pig-zed". Just one of those novelties I guess... :)
(I quite dislike the name, myself. And I think everyone's actually going to pronounce it "pigs".)