what is event bubbling in javascript with example

<div>1
    <div>2
        <div>3
            <div>4
                <div>5</div>
            </div>
        </div>
    </div>
</div>
<button id="clear">clear output</button>
<section id="log"></section>

p {
    line-height: 0;
}

div {
    display:inline-block;
    padding: 5px;

    background: #fff;
    border: 1px solid #aaa;
    cursor: pointer;
}

div:hover {
    border: 1px solid #faa;
    background: #fdd;
}

var logElement = document.getElementById('log');

function log(msg) {
    logElement.innerHTML += ('<p>' + msg + '</p>');
}

function capture() {
    log('capture: ' + this.firstChild.nodeValue.trim());
}

function bubble() {
    log('bubble: ' + this.firstChild.nodeValue.trim());
}

function clearOutput() {
    logElement.innerHTML = "";
}

var divs = document.getElementsByTagName('div');
for (var i = 0; i < divs.length; i++) {
    divs[i].addEventListener('click', capture, true);
    divs[i].addEventListener('click', bubble, false);
}
var clearButton = document.getElementById('clear');
clearButton.addEventListener('click', clearOutput);