This article provides a comprehensive summary, exploration, and review of the BSD 1-Clause License. It delves into its origins, creators, community impact, adoption, strengths, limitations, and comparisons with other open source and fair code licenses including OCTL, MIT, Apache 2.0, and GNU GPL. The review also covers dual licensing challenges, exploitation risks, and notable success stories, making it a definitive resource on BSD 1-Clause licensing.