Incremental Static Regeneration (ISR) in Next.js lets you build static pages once, serve them fast, and update them in the background after a set time. When a user requests a page, Next.js checks if the revalidate time has passed since the last update. If not, it serves the cached page immediately. If yes, it serves the cached page but triggers a background regeneration to update the page. This way, users always get a fast response and fresh content without waiting. The example code shows how to set a revalidate time of 10 seconds. The execution table traces requests over time, showing when cached pages are served and when regeneration happens. Key points are that regeneration is invisible to users and only starts after the revalidate time passes on a user request. Changing the revalidate time affects when regeneration triggers. This approach balances speed and freshness for static pages.