Valet is a Laravel development environment for Mac minimalists. No Vagrant, No Apache, No Nginx, No /etc/hosts file. You can even share your sites publicly using local tunnels. Yeah, we like it too.
Laravel Valet configures your Mac to always run PHP's built-in web server in the background when your machine starts. Then, using DnsMasq, Valet proxies all requests on the *.dev domain to point to sites installed on your local machine.
In other words, a blazing fast Laravel development environment that uses roughly 7mb of RAM. Valet isn't a complete replacement for Vagrant or Homestead, but provides a great alternative if you want flexible basics, prefer extreme speed, or are working on a machine with a limited amount of RAM.
Documentation for Valet can be found on the Laravel website.
Laravel Valet is open-sourced software licensed under the MIT license