It is perhaps the most famous equation in the world, and also one of the most elegant. Einstein’s legendary equivalence between mass and energy, given the simple formula E=mc^2, is familiar even to schoolchildren.

At times, it simply stands as a placeholder for science — like in cartoons where writing E=mc^2 on a chalkboard signifies there’s some serious physics going on. But the relationship Einstein’s equation alludes to underlies fundamental properties of the universe itself. Mass is energy, energy is mass; the equation builds a bridge between two seemingly disparate domains.

The physics underpinning the equation are appropriately heady and complex. But for the rest of us, the significance of Einstein’s formula boils down largely to one thing: There’s a huge amount of energy bound inside the matter surrounding us. The equation equates the energy of a body in its rest frame, the E on the left-hand side of the formula, to an object’s mass multiplied by the speed of light squared.

As you probably already know, the speed of light is very fast. Photons zip along at around 300,000,000 meters per second (or around 186,000 miles per second). Now multiply that by itself, or square it, and the number gets astoundingly large. The speed of light squared is 8.98755179 × 10^16 m^2/s^2 (That’s 8.9 with 16 zeros behind it.)

A common misconception surrounding Einstein’s formula is that mass can be converted into energy. That’s not actually quite true, nor is it what Einstein meant when he set down his revolutionary idea. Instead, his equation shows that a change in the mass of an object requires a change in its energy. It’s the reason why the end products of nuclear reactions together weigh less than their parent atoms. When protons and neutrons split off from atoms during nuclear fission, they release energy. And as we know from Einstein, that’s equivalent to mass.

It’s easy to see that even tiny amounts of matter represent very large amounts of energy. Humans got a taste of that frightful energy when we invented the atomic bomb. The enormous amount of energy released by the Little Boy nuclear weapon was equivalent to the mass of less than a gram of its radioactive fuel. That’s less than half the weight of a dime.

You don’t need an atomic weapon to turn mass into energy, of course. You extract energy from matter every time you light a candle (though the mechanism there is a chemical reaction, rather than a nuclear one.) But the light and heat that comes from a candle is but a sliver of the energy contained within. A single candle might light up a romantic dinner, but the energy equivalent to all of the mass inside would be sufficient to level an entire city.