It was conjectured by Alon and proved by Friedman that a random \(d\)-regular graph has nearly the largest possible spectral gap, more precisely, the largest absolute value of the non-trivial eigenvalues of its adjacency matrix is at most \(2\sqrt{d-1} +o(1)\) with probability tending to one as the size of the graph tends to infinity. We give a new proof of this statement. We also study related questions on random \(n\)-lifts of graphs and improve a recent result by Friedman and Kohler.