To Do Justly, To Love Mercy, and To Walk Humbly

Micah 6:8(NKJV)
8    He has shown you, O man, what is good;      And what does the Lord require of you     But to do justly,     To love mercy,     And to walk humbly with your God?

What a nice simple message in this passage.  What does the Lord require of us?  God lays it out right there.  But what does it mean exactly.  Let's start with some definitions.

just·ly
    1. in a just  manner; honestly; fairly: Deal justly with the prisoners.
    2. in conformity to fact or rule; accurately.
    3. deservedly; as deserved.

mer·cy
 1. compassionate or kindly forbearance shown toward an offender, an enemy, or other person in one's power; compassion, pity, or benevolence: Have mercy on the poor sinner.
    2. the disposition to be compassionate or forbearing: an adversary wholly without mercy.
    3. the discretionary power of a judge to pardon someone or to mitigate punishment, especially to send to prison rather than invoke the death penalty.
    4. an act of kindness, compassion, or favor: She has performed countless small mercies for her friends and neighbors.
    5. something that gives evidence of divine favor; blessing: It was just a mercy we had our seat belts on when it happened.

hum·ble
 1. not proud or arrogant; modest: to be humble although successful.
    2. having a feeling of insignificance, inferiority, subservience, etc.: In the presence of so many world-famous writers I felt very humble.
    3. low in rank, importance, status, quality, etc.; lowly: of humble origin; a humble home.
    4. courteously respectful: In my humble opinion you are wrong.
    5. low in height, level, etc.; small in size: a humble member of the galaxy.

Seems pretty clear to me.  Any questions?  OK, we know what the Lord requires of us so let's get going!