Paraphilias and Fetishes, for the most part, are the same thing.  I suppose you could make a distinction between the two terms by saying that a paraphilia is a sexual dysfunction of such an extreme nature that it is a debilitating and destructrive behaviour (sometimes criminal) which requires professional psychiatric treatment.

There are hundreds of paraphilias and paraphilic behaviors.  Men appear to be much more drawn to paraphilic behavior than women. Some paraphiliac interests are socially acceptable (just view the back pages of any pornographic magazine, or surf the net) such as fetish objects, sadism and masochism.  On the internet, one can purchase used panties, blow-up dolls, and other fetish items.  There appears to be a proliferation of pornographic businesses that would like to satisfy the needs of many men by offering “teen porn”, “teenie porn”, “barely legal”, and so forth.  This would be an example of a socially acceptable (meaning it is tolerable and even encouraged) pedophilic behavior.

How does fetishism develop?  One way is through incorporating the object or body part, often through fantasy, in a masturbation sequence where the
reinforcement of orgasm strengthens the fetishistic association.  This is a kind of classical conditioning in which some object or body part becomes associated with sexual arousal.  Another possible explanation looks to childhood in explaining the origins of some cases of fetishism.  Some children may learn to associate sexual arousal with objects (such as panties or shoes), which belong to an emotionally significant person, like the mother or older sister. 

“Fetish, the Other ‘F’ Word” is an excellent article written by Mercedes Allen, a trans community advocate.  It talks about the common misunderstandings of paraphilias and fetishes by the medical community and general/vanilla public.         You can find the article here: http://dentedbluemercedes.wordpress.com/2008/07/06/fetish-the-other-f-word/

List of Paraphilias/Fetishes:

Abasiophilia: love of (or sexual attraction to) people who use leg braces or other orthopaedic appliances.
Acousticophilia: sexual arousal from certain sounds.
Acrotomophilia: love of (or sexual attraction to) amputees.
Agalmatophilia: sexual attraction to statues or mannequins or immobility.
Algolagnia: sexual pleasure from pain.
Amaurophilia: sexual arousal by a partner whom one is unable to see due to artificial means, such as being blindfolded or having sex in total darkness.
Andromimetophilia: love of women dressed as men.
Apodysophilia: desire to undress, see also nudism
Apotemnophilia: desire to have (or sexual arousal from having) a healthy appendage (limb, digit, or male genitals) amputated.
Aquaphilia: arousal from water and/or in watery environments, including bathtubs or swimming pools.
Aretifism: sexual attraction to people who are without footwear, in contrast to retifism.
Asphyxiophilia: sexual attraction to asphyxia; also called breath control play; including autoerotic asphyxiation.
Autogynephilia: love of oneself as a woman.
Biastophilia: sexual pleasure from committing rape.
Celebriphilia: pathological desire to have sex with a celebrity.
Coprophilia: sexual attraction to (or pleasure from) feces.
Crush fetish: sexual arousal from seeing small creatures being crushed by members of the opposite sex, or being crushed oneself.
Dacryphilia: sexual pleasure in eliciting tears from others or oneself.
Dendrophilia: sexual attraction to trees and other large plants, popularized by the movie “Superstar” with Molly Shannon.
Diaper fetishism: sexual arousal from diapers.
Emetophilia (a.k.a. vomerophilia): sexual attraction to vomit.
Ephebophilia (a.k.a. hebephilia): sexual attraction towards adolescents.
Eproctophilia: sexual attraction to flatulence.
Exhibitionism: sexual arousal through sexual behavior in view of third parties (also includes the recurrent urge or behavior to expose one’s genitals to an unsuspecting person, known as indecent exposure).
Faunoiphilia: sexual arousal from watching animals mate.
Fetishism: is the use of non-sexual or nonliving objects or part of a person’s body to gain sexual excitement. Examples include:
Balloon fetishism — breast fetishism — foot fetishism (podophilia) — fur fetishism — leather fetishism — lipstick fetishism — medical fetishism — panty fetishism — robot fetishism — rubber fetishism — shoe fetishism — smoking fetishism — spandex fetishism — dental braces fetishism — transvestic fetishism (see below).
Frotteurism: sexual arousal from the recurrent urge or behavior of touching or rubbing against a nonconsenting person.
Galactophilia: sexual attraction to human milk or lactating women (incorrect term).
Gerontophilia: sexual attraction towards the elderly.
Haematophilia: sexual attraction involving blood (either on a sex partner/attractive person or the liquid itself; not to be confused with haemophilia, a genetic disorder of the blood).
Harpaxophilia: sexual arousal from being the victim of a robbery or burglary.
Hematolagnia: sexual attraction to blood.
Hybristophilia: sexual arousal to people who have committed crimes, in particular cruel or outrageous crimes.
Infantilism: sexual pleasure from dressing, acting, or being treated as a baby.
Katoptronophilia: sexual arousal from having sex in front of mirrors.
Klismaphilia: sexual pleasure from enemas.
Lust murder: sexual arousal through committing murder.
Macrophilia: sexual attraction to larger people and large things (including larger body organs such as breasts and genitalia).
Maiesiophilia: sexual attraction to childbirth or pregnant women.
Masochism: is the recurrent urge or behavior of wanting to be humiliated, beaten, bound, or otherwise made to suffer
Microphilia: sexual attraction to smaller people and things of smaller size.
Mysophilia: sexual attraction to soiled, dirty, foul or decaying material.
Necrophilia: sexual attraction to corpses.
Necrozoophilia: sexual attraction to the corpses or killings of animals (also known as necrobestiality).
Nepiophilia: the same as infantophilia sexual attraction to children between the age of 0 - 3 yrs.
Pedophilia: sexual attraction to prepubescent children (British spelling: paedophilia).
Phalloorchoalgolagnia: sexual arousal by the experiencing of painful stimuli being administered to the male genitals.
Pictophilia: sexual attraction to pictorial pornography/erotic art.
Plushophilia: sexual attraction to stuffed toys or people in animal costume, such as theme park characters.
Pyrophilia: sexual arousal through watching, setting, hearing/talking/fantasizing about fire.
Retifism: sexual arousal from shoes.
Sadism: sexual arousal from giving pain.
Schediaphilia (aka Toonophilia): love (or sexual arousal) to cartoon characters/situations.
Sitophilia: sexual arousal from food.
Somnophilia: sexual arousal from sleeping or unconscious people.
Spectrophilia: sexual attraction to ghosts.
Telephone scatologia: being sexually aroused by making obscene telephone calls.
Teratophilia: sexual attraction to deformed or monstrous people.
Transformation fetish: sexual arousal from depictions of transformations of people into objects or other beings.
Transvestic fetishism: is a sexual attraction towards the clothing of the opposite gender (also known as transvestitism).
Trichophilia: love (or sexual arousal) from hair.
Urolagnia: sexual attraction to urine.
Vorarephilia: sexual attraction to being eaten by, and/or eating, another person or creature.
Voyeurism: sexual arousal through watching others having sex (also includes the recurrent urge or behavior to observe an unsuspecting person who is naked, disrobing or engaging in sexual activities, see peeping tom).
Xenophilia: sexual attraction to foreigners (in science fiction, can also mean sexual attraction to aliens).
Zoophilia: emotional or sexual attraction to animals.
Zoosadism: the sexual enjoyment of causing pain and suffering to animals.