A multi-meter is a handheld device that technicians and engineers use to measure voltage, current, resistance, and continuity in electrical circuits. It functions as a voltmeter, ammeter, and ohmmeter. There are different types, including analog, digital, and Fluke multi-meters. To measure current, the multi-meter must be inserted into the circuit to break the current flow and detect the level passing through. Proper probe placement and range selection are important to get an accurate current reading without overloading the multi-meter.