Tetralogy of Fallot is the most common cyanotic heart defect in children, comprising four key anatomical issues: ventricular septal defect, aortic override, pulmonary stenosis, and right ventricular hypertrophy. It generally leads to significant hypoxemia due to right-to-left shunting and is associated with various chromosomal anomalies. Management often involves surgical interventions, especially for symptomatic patients experiencing cyanotic spells.