The ST Micro L7805CV is a 1.5A, 5V positive linear regulator. It is the stronger older brother of the 78M05 but ironically it is the same size and shape, go figure. It may look like your everyday 7805 but looks can be deceiving!
Sometimes, voltages collide. When you have parts that expect/speak at different voltage levels, you have to build a mediator to smooth things out. This SparkFun BOB-10403 uses PCA9306 two-channel bidirectional voltage-level translator on a nice, small breakout board.
This switching regulator lets you power circuits with higher and lower than the voltage of your power source!