Versatility refers to the ability to adapt or be used effectively in a variety of different situations, roles, or functions. It is a quality that allows a person, tool, or system to perform multiple tasks or adapt to changing circumstances with ease.

Examples:

1. In people: A versatile person can handle different types of challenges, switch between roles, or excel in various fields, such as an actor who performs well in both comedic and dramatic roles.
2. In tools or objects: A Swiss Army knife is considered versatile because it combines several tools into one compact device.
3. In skills: Versatility in the workplace might involve being proficient in technical tasks, teamwork, and leadership.

Essentially, versatility is about flexibility and capability across a broad spectrum.