I'm going to expand a little on what USMC-SGT wrote, because he's basically got it right on the noggin.
Here's the difference between Best GLIDE speed and Vy. Best glide speed is usually the same speed as Vx, not Vy. This is because best glide speed is located at the airspeed where the ratio of lift to drag is greatest. This point occurs where the drag is the lowest. This is the same speed at which you will get your best ANGLE of climb (but not your best RATE of climb), because you will have the greatest amount of thrust compared to drag. Again, all of this occurs because your drag is at it's lowest point.
Vy is determined by another factor, power. Power is defined as a force applied across a distance in a certain amount of time, or another way to put it is power is a force times a velocity. So even though we talk about Drag (which is a force) being at it's minimum, and the ratio of thrust to drag being maximized at L/Dmax (or Vx, or Best Glide speed, since they are all the same) when you mulitply by the velocity to get it in terms of POWER, the maximum power available occurs at a faster speed.
So in layman's terms, if you are trying to glide a far distance, or clear a tree, then you use Vx.... Only distances are being considered. But if you care about climbing in a particular amount of TIME, then you use Vy...the point of maximum excess POWER.