As the dictionary documentation for python 2 and python 3 would tell you, in python 2 items
returns a list, while iteritems
returns a iterator.
In python 3, items
returns a view, which is pretty much the same as an iterator.
If you are using python 2, you may want to user iteritems
if you are dealing with large dictionaries and all you want to do is iterate over the items (not necessarily copy them to a list)