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Pro Very cute style
Crocs don't have the best reputation for being stylish. However the company has been coming out with a lot of very cute styles, including this one (the Huarache).
Pro Great for dodgy shower situations
These crocs are completely waterproof, so there is no need to bring along a pair of flip flops for the not-so-clean hostel showers. Just be careful not to slip (see the con about being slippery on wet surfaces).
Pro Extremely comfortable
They provide good arch support and have some cushioning, making them great for long days of walking.
Pro Easy to pack
Crocs are very lightweight and also quite thin, so they add very little bulk/weight when packed.
Pro Variety of colors
There are 11 different colors to pick from. There are more subtle ones like pure black and two tone brown, and lots of really fun and bright combinations.
Pro Variety of styles available
If you don't like the Huarache, Crocs have a variety of styles that share many of the same attributes (lightweight, fairly thin etc.).
Pro Slip on style
The slip on style is great for quickly kicking off your shoes and easily putting them back on, without having to bend over (which can be a challenge while wearing a heavy pack).
Con Very slippery on wet surfaces
One of the biggest complaints about crocs is how slippery they become on wet surfaces (especially stone and indoor flooring).
Con Can stretch out
The straps can stretch out slightly, causing your foot to slide around more.
Con Wider fit
These shoes are better suited for average-wide feet. Those with narrow feet may find they slip around in the shoe, or walk out of them (there is no way to adjust the straps).
Con Slip on style
Because there is no way to adjust the straps, these shoes are better suited for a dry walk on paved/groomed surfaces. They don't provide enough support for walking on trails.