Meiosis involves two cell divisions that result in four haploid cells from one original diploid cell. In meiosis I, homologous chromosomes pair up and undergo recombination during prophase I before separating. This reduces the chromosome number by half. Meiosis II separates sister chromatids, resulting in four haploid cells each with half the number of chromosomes as the original cell. Key stages include prophase I with synapsis, metaphase I separation of homologs, and metaphase II/anaphase II separation of sister chromatids. Meiosis produces gametes for sexual reproduction and genetic variation.