Git Large File Storage (LFS) is an open source extension to Git that uses pointers in your repository to point to assets managed on a remote storage server, solving the problem of managing large binary files within repositories. Netlify Large Media is a service built on top of Git LFS, allowing developers to remove heavy binary assets from their repositories and let Netlify take care of versioning, storage, and resolution. By using Netlify Large Media, developers can reduce repository size, increase build speed, and transform image assets on the fly without needing JavaScript shims or third-party plugins. The service also supports specifying multiple representations of an asset for responsive images, making it a great option for developers who want to streamline their builds and simplify their projects.