Instead of discarding changes, I reset my remote to the origin. Note - this method is to completely restore your folder to that of the repo.
So I do this to make sure they don't sit there when I git reset (later - excludes gitignores on the Origin/branchname)
NOTE: If you want to keep files not yet tracked, but not in GITIGNORE you may wish to skip this step, as it will Wipe these untracked files not found on your remote repository (thanks @XtrmJosh).
git add --all
Then I
git fetch --all
Then I reset to origin
git reset --hard origin/branchname
That will put it back to square one. Just like RE-Cloning the branch, WHILE keeping all my gitignored files locally and in place.
Updated per user comment below: Variation to reset the to whatever current branch the user is on.
git reset --hard @{u}