Executing a command on multiple files with FIND

Okay, so apparently, the FIND command is so powerful that you can even tell it what to do with the files when it finds them. I always used to find multiple files, translate newline characters to null characters, then pass each argument to XARGS as in:
find ./ -regex ".*\.mp3" | tr \\n \\0 | xargs -0 -n 1 md5sum > mp3checksums.md5

But, you can also say:
find ./ -regex ".*\.mp3" -exec md5sum {} \; > mp3checksums.md5

Where, the {} implies to insert an individual argument into that part of the exec string, and the semicolon (escaped so it's not picked up by BASH) ends the -exec agrument.