Topology is the mathematical study of the properties that are preserved through deformations, twistings, and stretchings of objects. Tearing, however, is not allowed. A circle is topologically equivalent to an ellipse (into which it can be deformed by stretching) and a sphere is equivalent to an ellipsoid. Similarly, the set of all possible positions of the hour hand of a clock is topologically equivalent to a circle (i.e., a one-dimensional closed curve with no intersections that can be embedded in two-dimensional space), the set of all possible positions of the hour and minute hands taken together is topologically equivalent to the surface of a torus (i.e., a two-dimensional a surface that can be embedded in three-dimensional space), and the set of all possible positions of the hour, minute, and second hands taken together are topologically equivalent to a three-dimensional object.
The definition of topology leads to the following mathematical joke (Renteln and Dundes 2005):
Q: What is a topologist? A: Someone who cannot distinguish between a doughnut and a coffee cup.
There is more to topology, though. Topology began with the study of curves, surfaces, and other objects in the plane and three-space. One of the central ideas in topology is that spatial objects like circles and spheres can be treated as objects in their own right, and knowledge of objects is independent of how they are "represented" or "embedded" in space. For example, the statement "if you remove a point from a circle, you get a line segment" applies just as well to the circle as to an ellipse, and even to tangled or knotted circles, since the statement involves only topological properties.
Topology has to do with the study of spatial objects such as curves, surfaces, the space we call our universe, the space-time of general relativity, fractals, knots, manifolds (which are objects with some of the same basic spatial properties as our universe), phase spaces that are encountered in physics (such as the space of hand-positions of a clock), symmetry groups like the collection of ways of rotating a top, etc.
Topology can be used to abstract the inherent connectivity of objects while ignoring their detailed form. For example, the figures above illustrate the connectivity of a number of topologically distinct surfaces. In these figures, parallel edges drawn in solid join one another with the orientation indicated with arrows, so corners labeled with the same letter correspond to the same point, and dashed lines show edges that remain free (Gardner 1971, pp. 15-17; Gray 1997, pp. 322-324). The above figures correspond to the disk (plane), Klein bottle, Möbius strip, real projective plane, sphere, torus, and tube. The labels are often omitted in such diagrams since they are implied by connection of parallel lines with the orientations indicated by the arrows.
The "objects" of topology are often formally defined as topological spaces. If two objects have the same topological properties, they are said to be homeomorphic (although, strictly speaking, properties that are not destroyed by stretching and distorting an object are really properties preserved by isotopy, not homeomorphism; isotopy has to do with distorting embedded objects, while homeomorphism is intrinsic).
Around 1900, Poincaré formulated a measure of an object's topology, called homotopy (Collins 2004). In particular, two mathematical objects are said to be homotopic if one can be continuously deformed into the other.
Topology can be divided into algebraic topology (which includes combinatorial topology), differential topology, and low-dimensional topology. The low-level language of topology, which is not really considered a separate "branch" of topology, is known as point-set topology.
There is also a formal definition for a topology defined in terms of set operations. A set 
along with a collection 
of subsets of it is said to be a topology if the subsets
in 
obey the following properties:
1. The (trivial) subsets 
and the empty set 
are in 
.
2. Whenever sets 
and 
are in 
, then so is 
.
3. Whenever two or more sets are in 
, then so is their union
(Bishop and Goldberg 1980). This definition can be used to enumerate the topologies on 
symbols. For example, the unique topology
of order 1 is 
,
while the four topologies of order 2 are 
, 
, 
, and 
. The numbers of topologies on sets
of cardinalities 
,
2, ... are 1, 4, 29, 355, 6942, ... (OEIS A000798).
A set 
for which a topology 
has been specified is called a topological
space (Munkres 2000, p. 76). For example, the set 
together with the subsets 
comprises
a topology, and 
is a topological space.
Topologies can be built up from topological bases. For the real numbers, a topological basis is the set of open intervals.
Points is at Least 
(Except for Some Special Cases)." Discr. Math. 154,
27-39, 1996.Chinn, W. G. and Steenrod, N. E.