Minify is a PHP5 app that can combine multiple CSS or Javascript files, compress their contents (i.e. removal of unnecessary whitespace/comments), and serve the results with HTTP encoding (gzip/deflate) and headers that allow optimal client-side caching.

Yahoo’s Combo Handler and Google’s AJAX Libraries API both serve content from their heavy-duty CDNs and potentially increase the chance that your visitor will already have a file in her browser cache. Neither service serves custom content that you provide. You may wish to use these services to serve popular libraries and Minify to serve your code.

Minify is distributed under the New BSD License, which means that you’re free to use, modify, and redistribute Minify or derivative works thereof, even for commercial purposes, as long as you comply with a few simple requirements. See the License file for details.

Requirements: -
Demo: http://code.google.com/p/minify/
License: New BSD License