Meiosis is a type of cell division that produces gametes, such as sperm and egg cells, with half the number of chromosomes as the original parent cell. It involves two rounds of division called Meiosis I and Meiosis II. In Meiosis I, homologous chromosomes pair up and crossover can occur, followed by the separation of homologous chromosomes into daughter cells. Meiosis II separates the sister chromatids, resulting in four haploid daughter cells with half the chromosome number of the original diploid parent cell. Meiosis ensures genetic variation in offspring and maintains the chromosome number from one generation to the next.