If you have a fast Internet connection into your home (either a DSL connection or a cable modem), you may have found yourself hearing about firewalls for your home network as well. It turns out that a small home network has many of the same security issues that a large corporate network does. You can use a firewall to protect your home network and family from offensive Web sites and potential hackers.
Courtesy of howstuffswork.com
Basically, a firewall is a barrier to keep destructive forces away from your property. In fact, that's why it’s called a firewall. Its job is similar to a physical firewall that keeps a fire from spreading from one area to the next.
A firewall is simply a program or hardware device that filters the information coming through the Internet connection into your private network or computer system. If an incoming packet of information is flagged by the filters, it is not allowed through