Creative Commons
This is an organisation that allows the free use and distribution of pieces legally. This isn't an alternative to copyright, however, as the creator can modify their copyright terms with 'All Rights Reserved' or 'Some Rights Reserved'.
Fair Use
Fair use is a more limited version of creative commons, as you can use some pieces but only for certain reasons. For instance, you can use a song in a video in it's for commentary or criticism reasons. Also, you can use certain pieces for parody reasons - which is, for instance, changing lyrics to a song for comedic purposes.
Royalty Free
Royalty free is a little bit similar to creative commons, and is often confused. However, there is a difference. RF is where you secure your use for a piece - most of the time using money - and, after that initial permission you can use that photo freely all you like.
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