Light travels as waves and can undergo various phenomena including reflection, refraction, diffraction and interference. Reflection occurs when light hits a surface, causing it to bounce off at the same angle. Refraction happens when light passes from one medium to another of different density, causing it to change speed and bend. This bending is described by Snell's law. Total internal reflection occurs when light passes from a denser to less dense medium at an angle greater than the critical angle, causing it to reflect back inside the denser medium. This principle is applied in devices like optical fibers.