If you use homebrew and have updated your git to 1.7.12 you should see this annoying message instead of your beautiful prompt:
-bash: __git_ps1: command not found
To solve the problem just add this line to your ~/.profile ( ~/.bash_profile, ~/.bashrc) before setting PS1:
source /usr/local/share/git-core/contrib/completion/git-prompt.sh
Update: The issue was fixed in the latest version of the git homebrew formula:
brew update
brew uninstall git
brew install git
Copy this code and paste it into Terminal.
This also should work for any *NIX.
Update
There are the easiest ways to add bash completion for git.
For Mac OS X
Install git via MacPorts:
sudo port install git-core +bash_completion
Then add the following lines at the end of your ~/.profile:
if [ -f /opt/local/etc/bash_completion ]; then
. /opt/local/etc/bash_completion
fi
For Ubuntu
sudo aptitude install git-completion
For Fedora
sudo smart install bash-completion

It’s possible to use kompare as a graphical diff viewer for git. I created file git-kompare in my /usr/local/bin/ directory with such content:
git diff $* | kompare -
I also created alias gk for this command in my ~.bashrc:
alias gk='git-kompare'
Now I can use gk command instead of git diff with all its options.
Update from Sean Blanton:
You can shorten this with a bash function:
gk () { git diff $* | kompare - ; }
Bash functions can handle the pipes and arguments better than aliases.
git push origin :branch_name