Each antibody is made up of two identical heavy chains and two identical light chains, shaped to form a Y.
The sections that make up the tips of the Y's arms vary greatly from one antibody to another; this is called the variable region. It is these unique contours in the antigen-binding site that allow the antibody to recognize a matching antigen, much as a lock matches a key.
The stem of the Y links the antibody to other participants in the immune defenses. This area is identical in all antibodies of the same class--for instance, all IgEs--and is called the constant region.