Try 7-Zip
It is very easy to use and saves us some time with the drag and drop option.
What is 7-Zip?
It is an open source Windows utility for manipulating archives.
Formats 7z, ZIP, GZIP, BZIP2 and TAR are supported fully, other formats can be unpacked.
7-Zip works in Windows 7 / Vista / XP / 2008 / 2003 / 2000 / NT / ME / 98.
There is a port of the command line version to Linux/Unix.
See this comparison chart of other software options: http://www.7zip.com
A little zip history:
Zip was originally developed by Phil Katz for the software utility called PkZip also developed by him. The Zip file type has developed a lot over the years and is different than the one originated in late 90s. Zip has become so popular that practically every archive utility has to support it. It is also supported over multiple operating systems including Windows, Mac OS and Linux.
Zip is the only archive file type that became so popular as to have its uncompress feature included in Windows. Windows machines installed out of the box can open Zip archives and extract files from Zip archives.
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