1) Homeostasis refers to the body's ability to regulate its internal environment to maintain stable conditions, despite changes in the external environment. 2) The concept was first described by Claude Bernard in the 1860s, and the term "homeostasis" was coined by Walter Cannon in 1932 to describe the coordinated physiological processes that maintain steady states. 3) Homeostasis involves negative feedback loops, where a deviation from the normal setpoint is detected by receptors, signaling the control center to activate effectors to correct the deviation and restore the normal condition. Positive feedback also occurs in some cases, like childbirth, to amplify a process.