Meiosis is a type of cell division that results in four haploid cells from one diploid cell. It has two stages, meiosis I and meiosis II. In meiosis I, homologous chromosomes pair and may exchange DNA segments through crossing over. The homologous chromosomes then separate, resulting in haploid cells. Meiosis II then separates the sister chromatids, resulting in four haploid cells each with half the number of chromosomes as the original cell. Meiosis ensures genetic variation and maintains chromosome number from one generation to the next.