1. An action potential, or nerve impulse, occurs when a neuron reaches its threshold level and is stimulated to send a message along its axon.
2. The action potential involves two steps - depolarization, where sodium ions rush into the neuron, reversing the charge; and repolarization, where potassium ions rush out, restoring the charge.
3. After repolarization, the sodium-potassium pump restores the ion concentrations to prepare the neuron to fire again if stimulated. Myelin insulation allows the impulse to jump from node to node, speeding up conduction.