Code splitting and lazy loading in Remix means the app loads only the code needed for the current route. When the user navigates to a new route, Remix checks if the code chunk for that route is loaded. If not, it loads it lazily. During loading, a fallback UI like 'Loading...' is shown using React Suspense. Once loaded, the component renders. This chunk stays loaded for future visits, so the component renders immediately next time. This approach speeds up app start and reduces unnecessary code download. The execution table shows each step from app start, navigation, loading, rendering, and user interaction. Variables track if the chunk is loaded and if the component is rendered. Key moments clarify why fallback UI appears and how loading happens only once. The visual quiz tests understanding of these steps and variable states.