This visual execution shows how Rust loops over a collection using an iterator. The vector 'numbers' contains three items: 1, 2, and 3. The for loop borrows the vector by reference using '&numbers'. At each step, the iterator provides the next item. Step 1 gets 1 and prints it. Step 2 gets 2 and prints it. Step 3 gets 3 and prints it. Step 4 finds no more items (None) and stops the loop. The variable 'num' changes from undefined to 1, then 2, then 3, then back to undefined after the loop ends. The original vector remains unchanged because it was only borrowed. This example helps beginners see how iteration works step-by-step in Rust.