A nebula is a giant cloud of gas (mostly hydrogen and helium) and cosmic dust situated between stars in the interstellar medium. Nebulae serve as sites of stellar birth and death—including emission nebulae that glow from ionized gas, reflection nebulae that scatter starlight, and dark nebulae that obscure background stars.
Source: science.nasa.gov
22/11/1999

The Crab Nebula, filled with mysterious filaments, is the result of a star that was seen to explode in 1054 AD. This spectacular supernova explosion was recorded by Chinese and (quite probably) Anasazi Indian astronomers. The filaments are mysterious because they appear to have less mass than expelled in the original supernova and higher speed than expected from a free explosion. In the above picture taken recently from a Very Large Telescope, the color indicates what is happening to the electrons in different parts of the Crab Nebula. Red indicates the electrons are recombining with protons to form neutral hydrogen, while blue indicates the electrons are whirling around the magnetic field of the inner nebula. In the nebula's very center lies a pulsar: a neutron star rotating, in this case, 30 times a second.