The p53 gene is a tumor suppressor gene that regulates the cell cycle and prevents tumor formation. It acts as the "guardian of the genome" by inducing cell cycle arrest or apoptosis in damaged cells. p53 is commonly mutated in cancer, inactivating its normal functions and allowing damaged cells to continue dividing. When p53 is mutated, DNA damage fails to trigger cell cycle arrest, potentially leading to neoplastic transformation. The document discusses p53's role in DNA repair, apoptosis, and cell cycle regulation as well as how it is inactivated through mutations and the cancers most associated with p53 mutations, such as breast, colorectal, liver, lung, and ovarian cancers.