The registry pattern provides a central place to store commonly used objects, settings, and variables in an application. It defines methods to store and retrieve these items. Objects are stored and retrieved by key. To improve performance, a registry can implement lazy loading by only instantiating objects when they are first requested, rather than on every page load. This prevents bloat by reducing the resources needed upfront. Settings can also use lazy loading to only query related values when needed. The registry pattern provides a clean interface to access shared application components while improving efficiency.