What is a Sankey Diagram and Why Use It?

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What do you honestly define a sankey diagram to be? I really don't think there's any point in using it. I mean, why would it help someone, what is the meaning of it and how is it used or when is it used..

I really don't have an understanding of this..maybe you do?
 
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They give good visual representations and are useful for displays such as posters.
 
Anyone else? Any more advantages for using it? Any way you could describe to a friend what it is?
 
? Not much help lol.

I need help finding one for Electricity efficiency. Solar, Wind Power, Wave Power, GeoThermal etc.