Normally in CSS whichever rule is specified last takes precedence. However if you use !important after a command then this CSS command will take precedence regardless of what appears after it. This is true for all browsers except IE. An example of this would be:
margin-top: 3.5em !important; margin-top: 2em
So, the top margin will be set to 3.5em for all browsers except IE, which will have a top margin of 2em. This can sometimes come in useful, especially when using relative margins (such as in this example) as these can display slightly differently between IE and other browsers.
(Many of you may also be aware of the CSS child selector, the contents of which IE ignores.)