Best way to generate a unique ID in java

What is the best way to generate a unique ID in java. People generally use

String id = System.currentTimeMillis+ someStaticCounter;

But this approach would require synchronization in multithreaded applications.

I am using

try 
{
   Thr开发者_JS百科ead.sleep(1); 
  //This sleep ensures that two consecutive calls from the same thread does not return the same id.
}
catch (InterruptedException e)
{
 // do nothing;
}
id = System.currentTimeMillis() + "-" + Thread.currentThread().getId();

This approach helps me from synchronisation overheads..

Is there any better approach please suggest?

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How about UUID: http://java.sun.com/j2se/1.5.0/docs/api/java/util/UUID.html#randomUUID%28%29

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UUID.randomUUID()