Milagro is a gamma-ray observatory employing a water Cherenkov detector to observe extensive air showers produced by high-energy particles impacting in the Earths atmosphere. We discuss the first detection of TeV gamma-rays from the Galactic plane and report the detection of an extended TeV source coincident with the EGRET source 3EG J0520+2556, and the observation of TeV emission from the Cygnus region of our Galaxy. We also summarize the status of our search for Very High Energy (VHE) emission from satellite-triggered Gamma Ray Bursts (GRBs) and discuss plans for the next generation water Cherenkov detector.