A limit answers the question: as gets closer and closer to some number, what does get closer and closer to? Notice the wording: closer and closer, not equal to. The limit is about the neighbourhood of a point, not the point itself.
Approaching a value
Consider . At the formula is , undefined. But for every other we can cancel: . As slides toward , slides toward , even though itself does not exist. We write
The hole in the graph at does not change where the function is heading.
One-sided limits
Sometimes the answer depends on which way you approach. For , coming in from the right () gives ; from the left () gives . The two one-sided limits disagree, so the two-sided limit does not exist. A limit exists only when both sides agree.
How close is close enough
Informally, means we can force to be as close to as we like (within any tolerance we name) just by keeping close enough to . Making that "as close as we like" precise is the famous epsilon-delta definition, but the intuition is what you will use daily.
Continuity
A function is continuous at when nothing surprising happens there: the limit exists, exists, and the two match,
Graphically, you can draw it through that point without lifting your pen: no holes, no jumps. Continuous functions are the well-behaved ones on which the rest of calculus is built.