A few words about names and definitions: Frequently fishermen are pretty sloppy about using the terms that describe the various life stages of salmonid species. Rainbows and steelhead are all of the genus Oncorhynchus (the Pacific salmons) and the species mykiss. The two are genetically indistinguishable and the term steelhead is applied to individuals who choose to adopt an anadromous lifestyle and go to sea for a period of time before returning to fresh water to spawn. Members of this species can, and do, spawn together and their offspring can adopt either an anadromous or resident lifestyle. This is also true of the coastal cutthroat (Oncorhynchus clarki clarki).
Newly hatched salmonids (those which have absorbed their egg sacs and "swum up" to emerge from the gravel of the redd) are fry who will develop into parr (as the fish shown in the photo, with its prominent parr marks, the dark fingerprint-like markings on its sides). As the young fish matures (for a steelhead, typically, in two years) it will, if destined to undertake an anadromous lifestyle, undergo a series of physiological changes which will allow it to survive the change from a fresh to a salt water environment (the process called smoltification). A visual indication of this transformation is the loss of parr marks and the change to silvery sides and a dark blue or green back. These changes occur as the fish begins its downstream migration to salt water; the term smolt is only applied to young, downstream migrant fish. Some salmonids, like pink and chum salmon fry, smoltify almost as soon as they emerge from the gravel and begin to move downstream, spending almost no time in fresh water.
Jacks are male salmonids which achieve spawning maturity a year or more before others of their cohort (most common in coho, chinook and sockeye, rare in chum and absent in pink salmon). They are relatively rare in steelhead and "jills" (the female equivalent) even rarer. A curious steelhead life history, fairly common in streams of northern California and Oregon, but rare to the north is the "half pounder". The half pounder is an anadromous rainbow who returns to the river, even though not sexually mature after only few months in salt water, which will, after a period in fresh water, return to the ocean and thereafter follow a more conventional steelhead life style. Oddly enough, this life history is far more common among anadromous coastal cutthroat. In some rivers, as many as 40% of sea-run cutthroat returning to fresh water for the first time will not yet be sexually mature.