Acute renal failure is characterized by rapid onset of renal dysfunction and increased metabolic waste products in the blood. It can be caused by pre-renal issues which decrease blood flow to the kidneys, intra-renal issues involving direct kidney damage, or post-renal issues obstructing urine flow. Symptoms include electrolyte imbalances, decreased urine output, and buildup of waste products in the blood. Treatment focuses on supporting blood volume and pressure, correcting fluid and electrolyte levels, and using dialysis to filter waste if the kidneys are no longer functioning properly.