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A digital single-lens reflex camera (also called a digital SLR or DSLR) is a digital camera that combines the optics and the mechanisms of a single-lens reflex camera with a digital imaging sensor, as opposed to photographic film.
People often just say SLR when they are meaning film SLR's. DSLR's are digital cameras, but most of the time when people use the term - especially if it is referring to something else besides a DSLR, they mean a regular digital camera, also known as a point & shoot, also known as a P&S. Here's my stock answer... SLR vs. P&S.