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
04/08/2001

The brightest galaxy visible from our own Milky Way Galaxy is the Large Magellanic Cloud (LMC). Visible predominantly from Earth's Southern Hemisphere, the LMC is the second closest galaxy, neighbor to the Small Magellanic Cloud, and one of eleven known dwarf galaxies that orbit our Milky Way Galaxy. The LMC is an irregular galaxy composed of a bar of older red stars, clouds of younger blue stars, and a bright red star forming region visible near the top of the above image called the Tarantula Nebula. The brightest supernova of modern times, SN1987A, occurred in the LMC.