What does the Miranda Warning really mean, and why is it important to me?

The Miranda Warning is a brief, but very important advisement of your constitutional rights under the 5th and 6th Amendments.  Typically, individuals are advised of their Miranda Warning at the time of their arrest, but not always.  Sometimes police officers never advise a suspect in custody of their Miranda Warning, even though they are clearly under arrest.  A police officer is only required to advise you of the Miranda Warning if they intend to question you in custody after placing you under arrest.