Homeostasis refers to the ability of living organisms to regulate their internal environment to maintain stable, optimal conditions. The concept was first proposed by Claude Bernard in 1865. Homeostasis involves various control systems that allow organisms to adapt to changes in external factors like temperature, water, and solutes. These systems, both physical and living, work to keep the internal environment within a narrow range despite fluctuations outside. This protects organisms from harm and allows them to function properly.