greenrobot/EventBus

EventBus…

simplifies the communication between components
decouples event senders and receivers
performs well with Activities, Fragments, and background threads
avoids complex and error-prone dependencies and life cycle issues
makes your code simpler
is fast
is tiny (~60k jar)
is proven in practice by apps with 1,000,000,000+ installs
has advanced features like delivery threads, subscriber priorities, etc.
EventBus in 3 steps
Define events:

public static class MessageEvent { /* Additional fields if needed */ }
Prepare subscribers: Declare and annotate your subscribing method, optionally specify a thread mode:

@Subscribe(threadMode = ThreadMode.MAIN)
public void onMessageEvent(MessageEvent event) {/* Do something */};
Register and unregister your subscriber. For example on Android, activities and fragments should usually register according to their life cycle: