We present a comprehensive analysis of holography for the bubbling solutions
of Lin-Lunin-Maldacena. These solutions are uniquely determined by a coloring
of a 2-plane, which was argued to correspond to the phase space of free
fermions. We show that in general this phase space distribution does not
determine fully the 1/2 BPS state of N=4 SYM that the gravitational solution is
dual to, but it does determine it enough so that vevs of all single trace 1/2
BPS operators in that state are uniquely determined to leading order in the
large N limit. These are precisely the vevs encoded in the asymptotics of the
LLM solutions. We extract these vevs for operators up to dimension 4 using
holographic renormalization and KK holography and show exact agreement with the
field theory expressions.Comment: 67 pages, 6 figures; v2: typos corrected, refs added; v3: expanded
explanations, more typos correcte