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The light could be a minor issue, such as a faulty gas cap, or it could mean something more serious, such as a misfiring engine. In many cases, it means that you'll be visiting the car dealer to repair the issue and get the light turned off.
The check engine light — more formally known as the malfunction indicator lamp — is a signal from the car's engine computer that something is wrong.
Automakers started standardizing their systems with 1996 model-year vehicles under a protocol called OBD-II, which instituted a list of diagnostic trouble codes and mandated that all cars provide a universal connector to access this information. The connector is usually located under the steering column and is relatively easy to access. Before 1996, carmakers had their own engine diagnostic systems, primarily to ensure their cars were compliant with EPA pollution control requirements.
Check engine lights come in orange, yellow or amber, depending on the manufacturer. If the light begins flashing, however, it indicates a more serious problem, such as a misfire that can quickly overheat the catalytic converter. These emissions devices operate at high temperatures to cut emissions but can pose a fire hazard if faulty.