Pi
Pi, or π, is the ratio between the circumference and the diameter of a circle. π is not a number, because the numerical value of π depends on context: which circle is under consideration, and how precise are one's measurements? π should be thought of as more like a number-valued variable, which stands only for a very specific, limited, class of things.
The traditional concept
Standard mathematics says that π is the ratio between the circumference and the diameter of a perfect circle.
Standard mathematics "measures" this ratio using the methods of calculus.
Standard mathematics' notion of π is an irrational number---a number which cannot be written as a ratio of two whole numbers.
Thus in standard mathematics,
π = 3.141592653589793238462643383279502884197169399375105 8209749445923078164062862089986280348253421170679...
where the "..." signifies that the digits go on forever.
Examples
π shows up in many places, besides just circles.
a disk of radius has area
a cone with height and with base of radius , has area
a sphere of radius has volume , and surface area
the area under a Gaussian distribution is proportional to some power of .