FinderPop is a free preference pane that extends the functionality of OS X's contextual menus, helping you more quickly browse, open, move, preview, and get info on folders, files, volumes, and apps using your mouse, in much the same way that other "launcher" apps increase efficiency with keyboard commands. This popular, venerable application has been around since Mac OS 9, and one of its main purposes is to emulate the old Apple Menu Items folder.
At its most basic, FinderPop lets you browse the contents of a folder or volume just by control-clicking on it, while also giving you quick access to your desktop items, any running processes, and recent apps, files, and folders, all within the standard OS X contextual menu. You can also click on any blank spot in the menu bar to get a one-click contextual menu without having to hold down the control key (useful if you have a one-button mouse), and you can add any favorite items to a "FinderPop Items" folder to have them instantly accessible through any contextual menu. As with many similar interface-enhancing apps, FinderPop has more features than you may ever need, use, or even discover, and it provides extensive options for customization. Thankfully, the app comes with a helpful online manual.