Meiosis is a type of cell division that produces gametes, such as sperm and egg cells, with half the normal number of chromosomes. It involves two rounds of division called Meiosis I and Meiosis II. In Meiosis I, homologous chromosomes pair and crossover can occur, followed by the separation of homologous chromosomes into daughter cells. Meiosis II then separates the sister chromatids, resulting in four haploid daughter cells each with a single set of chromosomes. Meiosis ensures genetic variation between offspring and is essential for sexual reproduction in eukaryotes.