The eukaryotic cell cycle involves an ordered series of events of cell growth and cell division to produce two daughter cells. It has two main phases - interphase and the mitotic phase. Interphase involves cell growth and DNA replication in three stages: G1, S, and G2. The mitotic phase uses mitosis to separate duplicated chromosomes and cytokinesis to divide the cell cytoplasm, resulting in two identical daughter cells. The cycle continues as daughter cells enter interphase to grow and replicate DNA.