Limits (An Introduction)
Approaching
Sometimes you can't work something out directly ... but you can see what it should be as you get closer and closer!Let's use this function as an example:
(x^{2}1)/(x1)
And let's work it out for x=1:
(1^{2}1)/(11) = (11)/(11) = 0/0
Now 0/0 is a difficulty! We don't really know the value of 0/0, so we need another way of answering this.
So instead of trying to work it out for x=1 let's try approaching it closer and closer:
x  (x^{2}1)/(x1) 
0.5  1.50000 
0.9  1.90000 
0.99  1.99000 
0.999  1.99900 
0.9999  1.99990 
0.99999  1.99999 
...  ... 
Now we can see that as x gets close to 1, then (x^{2}1)/(x1) gets close to 2
We are now faced with an interesting situation:
 When x=1 we don't know the answer (it is indeterminate)
 But we can see that it is going to be 2
We want to give the answer "2" but can't, so instead mathematicians say exactly what is going on by using the special word "limit"
The limit of (x^{2}1)/(x1) as x approaches 1 is 2
And it is written in symbols as:
So it is a special way of saying, "ignoring what happens when you get there, but as you get closer and closer the answer gets closer and closer to 2"
As a graph it looks like this: So, in truth, you cannot say what the value at x=1 is. But you can say that as you approach 1, the limit is 2. 
Test Both Sides!

It is like running up a hill and then finding the path is magically "not there"... ... but if you only check one side, who knows what happens? So you need to test it from both directions to be sure where it "should be"! 
x  (x^{2}1)/(x1) 
1.5  2.50000 
1.1  2.10000 
1.01  2.01000 
1.001  2.00100 
1.0001  2.00010 
1.00001  2.00001 
...  ... 
Also heading for 2, so that's OK
When it is different from different sides
What if we have a function f(x) with a "break" in it like this:
This is a function where the limit does not exist at "a" ... ! You can't say what it is, because there are two competing answers:
But you can use the special "" or "+" signs (as shown) to define one sided limits:
And the ordinary limit "does not exist" 
Are limits only for difficult functions?
Limits can be used even if you know the value when you get there! Nobody said they are only for difficult functions.
For example:
We know perfectly well that 10/2 = 5, but limits can still be used (if you want!)
Approaching Infinity
Infinity is a very special idea. We know we can't reach it, but we can still try to work out the value of functions that have infinity in them. 
Let's start with an interesting example.
Question: What is the value of ^{1}/_{∞} ? 
Answer: We don't know! 
Why don't We know?
The simplest reason is that Infinity is not a number, it is an idea. So 1/∞ is a bit like saying 1/beauty or 1/tall.
Maybe we could say that 1/∞ = 0, ... but that is a problem too, because if we divide 1 into infinite pieces and they end up 0 each, what happened to the 1?
In fact 1/∞ is known to be undefined.
But We Can Approach It!
So instead of trying to work it out for infinity (because we can't get a sensible answer), let's try larger and larger values of x:

Now we can see that as x gets larger, 1/x tends towards 0
We are now faced with an interesting situation:
 We can't say what happens when x gets to infinity
 But we can see that 1/x is going towards 0
We want to give the answer "0" but can't, so instead mathematicians say exactly what is going on by using the special word "limit"
The limit of 1/x as x approaches Infinity is 0
And write it like this:
In other words:
As x approaches infinity, then 1/x approaches 0
When you see "limit", think "approaching"
It is a mathematical way of saying "we are not talking about when x=∞, but we know as x gets bigger, the answer gets closer and closer to 0".
Read more at Limits to Infinity.
Solving!
We have been a little lazy so far, and just said that a limit equals some value because it looked like it was going to.
That is not really good enough!
Read more at Evaluating Limits.