In Drupal 7, site settings and configuration are made exportable using the CTOOLS contrib module. Features module offers a well-known method of bundling these exportables in a new downloadable feature module. Drush Ctools Export Bonus offers a more light-weight approach to exporting site configuration.
So, here's the thing: If someone asks you how to make a blog on a Drupal site, you don't tell them to activate the Blog module (which is ready for retirement). You tell them that a blog is easily made with CCK and Views – and some settings that would cover 2–3 pages of fine print.
Features module shortcuts the work with configuring settings by providing comfortable means for bundling, exporting and importing settings for many of the most used Drupal modules. See this quick intro. Features shifts the site development paradigm from tweak here and there into enabling features.
Drush CTools Bonus Export allows you to export well over a dozen types of Drupal settings to their own include file. For example exporting menus to modulename.ctex_bonus.menus.inc.Read more