An arrow is a fin-stabilized projectile launched by a bow. A typical arrow usually consists of a long, stiff, straight shaft with a weighty (and usually sharp and pointed) arrowhead attached to the front end, multiple fin-like stabilizers called fletchings mounted near the rear, and a slot at the rear end called nock for engaging the bowstring. A container or bag carrying additional arrows for convenient reloading is called a quiver.
The oldest evidence of likely arrowheads, dating to c. 64,000 years ago, were found in Sibudu Cave, current South Africa.  Likely arrowheads made from animal bones have been discovered in the Fa Hien Cave in Sri Lanka which are also the oldest evidence for the use of arrows outside of Africa dating to c. 48,000 years ago.  The oldest evidence of the use of bows to shoot arrows dates to about 10,000 years ago; it is based on pinewood arrows found in the Ahrensburg valley north of Hamburg. They had shallow grooves on the base, indicating that they were shot from a bow. The oldest bow so far recovered is about 8,000 years old, found in the Holmegård swamp in Denmark. Archery seems to have arrived in the Americas with the Arctic small tool tradition, about 4,500 years ago.
Arrow sizes vary greatly across cultures, ranging from eighteen inches to six feet (45 cm to 150 cm). However, most modern arrows are 75 cm (30 in) to 96 cm (38 in) in length. Arrows recovered from the Mary Rose, an English warship that sank in 1545 were mostly 76 cm (30 in) long. Very short arrows have been used, shot through a guide attached either to the bow (an "overdraw") or to the archer's wrist (the Turkish "siper"). These may fly farther than heavier arrows, and an enemy without suitable equipment may find himself unable to return them.
The shaft is the primary structural element of the arrow, to which the other components are attached. Traditional arrow shafts are made from strong, lightweight wood, bamboo or reeds, while modern shafts may be made from aluminium, carbon fibre reinforced plastic, or a combination of materials. Such shafts are typically made from an aluminium core wrapped with a carbon fibre outer. A traditional premium material is Port Orford Cedar.
The stiffness of the shaft is known as its spine, referring to how little the shaft bends when compressed, hence an arrow which bends less is said to have more spine. In order to strike consistently, a group of arrows must be similarly spined. "Center-shot" bows, in which the arrow passes through the central vertical axis of the bow riser, may obtain consistent results from arrows with a wide range of spines. However, most traditional bows are not center-shot and the arrow has to deflect around the handle in the archer's paradox; such bows tend to give most consistent results with a narrower range of arrow spine that allows the arrow to deflect correctly around the bow. Bows with higher draw weight will generally require stiffer arrows, with more spine (less flexibility) to give the correct amount of flex when shot.
The weight of an arrow shaft can be expressed in GPI (grains per inch). The length of a shaft in inches multiplied by its GPI rating gives the weight of the shaft in grains. For example, a shaft that is 30 inches (760 mm) long and has a GPI of 9.5 weighs 285 grains (18 grams). This does not include the other elements of a finished arrow, so a complete arrow will be heavier than the shaft alone.
Sometimes a shaft will be made of two different types of wood fastened together, resulting in what is known as a footed arrow. Known by some as the finest of wood arrows, footed arrows were used both by early Europeans and Native Americans. Footed arrows will typically consist of a short length of hardwood near the head of the arrow, with the remainder of the shaft consisting of softwood. By reinforcing the area most likely to break, the arrow is more likely to survive impact, while maintaining overall flexibility and lighter weight.
A barreled arrow shaft is one that tapers in diameter bi-directionally. This allows for an arrow that has an optimum weight yet retains enough strength to resist flex. A Qing dynasty arrow shaft was examined by archery enthusiast Peter Dekker and found to exhibit the following qualities:
The resultant point-of-balance of the arrow shaft was thus 38.5% of the length of the arrow from the tip. Barreled arrow shafts are considered the zenith of pre-industrial archery technology, reaching their peak design among the Ottomans.
The arrowhead or projectile point is the primary functional part of the arrow, and plays the largest role in determining its purpose. Some arrows may simply use a sharpened tip of the solid shaft, but it is far more common for separate arrowheads to be made, usually from metal, horn, or some other hard material. Arrowheads are usually separated by function:
Arrowheads may be attached to the shaft with a cap, a socketed tang, or inserted into a split in the shaft and held by a process called hafting. Points attached with caps are simply slid snugly over the end of the shaft, or may be held on with hot glue. Split-shaft construction involves splitting the arrow shaft lengthwise, inserting the arrowhead, and securing it using a ferrule, sinew, or wire.
Fletchings are found at the back of the arrow and act as airfoils to provide a small amount of force used to stabilize the flight of the arrow. They are designed to keep the arrow pointed in the direction of travel by strongly damping down any tendency to pitch or yaw. Some cultures, for example most in New Guinea, did not use fletching on their arrows. Also, arrows without fletching (called bare shaft) are used for training purposes, because they make certain errors by the archer more visible.
Fletchings are traditionally made from feathers (often from a goose or turkey) bound to the arrow's shaft, but are now often made of plastic (known as "vanes"). Historically, some arrows used for the proofing of armour used copper vanes. Flight archers may use razor blades for fletching, in order to reduce air resistance. With conventional three-feather fletching, one feather, called the "cock" feather, is at a right angle to the nock, and is normally nocked so that it will not contact the bow when the arrow is shot. Four-feather fletching is usually symmetrical and there is no preferred orientation for the nock; this makes nocking the arrow slightly easier.
Natural feathers are usually prepared by splitting and sanding the quill before gluing. Further, the feather may be trimmed to shape, die-cut or burned by a hot electrically-heated wire. It's crucial that all the feathers of an arrow have the same drag, so manual trimming is rarely used by modern fletchers. The burning-wire method is popular because different shapes are possible by bending the wire, and the fletching can be symmetrically trimmed after gluing by rotating the arrow on a fixture.
Some fletchings are dyed. Two-toned fletchings usually make each fletching from two feathers knit together. The front fletching is often camouflaged, and the rear fletching bright so that the archer can easily track the arrow.
Artisans who make arrows by hand are known as "fletchers," a word related to the French word for arrow, flèche. This is the same derivation as the verb "fletch," meaning to provide an arrow with its feathers. Glue and thread are the traditional methods of attaching fletchings. A "fletching jig" is often used in modern times, to hold the fletchings in exactly the right orientation on the shaft while the glue hardens.
Whenever natural fletching is used, the feathers on any one arrow must come from the same wing of the bird. The most common being the right-wing flight feathers of turkeys. The slight cupping of natural feathers requires them to be fletched with a right-twist for right wing, a left-twist for left wing. This rotation, through a combination of gyroscopic stabilization and increased drag on the rear of the arrow, helps the arrow to fly straight away. Artificial helical fletchings have the same effect. Most arrows will have three fletches, but some have four or even more. Fletchings generally range from two to six inches (50 to 150 mm) in length; flight arrows intended to travel the maximum possible distance typically have very low fletching, while hunting arrows with broadheads require long and high fletching to stabilize them against the aerodynamic effect of the head. Fletchings may also be cut in different ways, the two most common being parabolic (i.e. a smooth curved shape) and shield (i.e. shaped as one-half of a very narrow shield) cut.
In modern archery with screw-in points, right-hand rotation is generally preferred as it makes the points self-tighten. In traditional archery, some archers prefer a left rotation because it gets the hard (and sharp) quill of the feather farther away from the arrow-shelf and the shooter's hand.
A flu-flu is a form of fletching, normally made by using long sections of full length feathers taken from a turkey, in most cases six or more sections are used rather than the traditional three. Alternatively two long feathers can be spiraled around the end of the arrow shaft. The extra fletching generates more drag and slows the arrow down rapidly after a short distance, about 30 m (98 ft) or so.
Flu-Flu arrows are often used for hunting birds, or for children's archery, and can also be used to play Flu-Flu Golf.
Wraps are thin pre-cut sheets of material, often vinyl or plastic, used to wrap the nock end of an arrow, primarily as an aid in bonding vanes and feather fletchings to the shaft. Wraps can also make the eventual removal of vanes and vane-glue easier. Additionally, they add a decorative aspect to arrow building, which can provide archers an opportunity to personalize their arrows. Brightly colored wraps can also make arrows much easier to find in the brush, and to see in downrange targets.
In English it is common to say "nock an arrow" when one readies a shot. A nock is a notch in the rearmost end of an arrow. It helps keep the arrow correctly rotated, keeps the arrow from slipping sideways during the draw or after the release, and helps maximize the arrow's energy (i.e. its range and lethality) by helping an archer place the arrow at the fastest-moving place on the bowstring. Some archers mark the nock position with beads, knots or wrappings of thread.
The main purpose of a nock is to control the rotation of the arrow. Arrows bend when released. If the bend hits the bowstave, the arrow's aim will be thrown off. Wooden arrows have a preferred bending-plane. Synthetic arrows have a designed bending plane. Usually this plane is determined by the grain of the wood of the arrow, or the structure of a synthetic arrow. The nock's slot should be rotated at an angle chosen so that when the arrow bends, it avoids or slides on the bowstave. Almost always this means that the slot of the nock must be perpendicular to the wood's grain, viewed from behind.
Self nocks are slots cut in the back of the arrow. These are simple, but can break at the base of the slot. Self nocks are often reinforced with glued servings of fiber near the base of the slot. The sturdiest nocks are separate pieces made from wood, plastic, or horn that are then attached to the end of the arrow. Modern nocks, and traditional Turkish nocks, are often constructed so as to curve around the string or even pinch it slightly, so that the arrow is unlikely to slip off.
Ancient Arab archery sometimes used "nockless arrows". In shooting at enemies, Arabs saw them pick up Arab arrows and shoot them back. So Arabs developed bowstrings with a small ring tied where the nock would normally be placed. The rear end of the arrow would be sharpened to a point, rather than slit for a nock. The rear end of the arrow would slip into the ring. The arrow could be drawn and released as usual. Then the enemy could collect the arrows, yet not shoot them back with a conventional bow. Also, since there was no nock, the nock could not break, and the arrow was less expensive. A piece of battle advice was to have several rings tied to the bowstring in case one broke. A practical disadvantage compared to a nock would be preserving the optimal rotation of the arrow, so that when it flexes, it does not hit the bowstave. The bend direction of the arrow might have been indicated by its fletching.
Arrows are usually finished so that they are not softened by rain, fog or condensation. Traditional finishes are varnishes or lacquers. Arrows sometimes need to be repaired, so it's important that the paints be compatible with glues used to attach arrowheads, fletchings and nocks. For this reason, arrows are rarely protected by waxing.
Crests are rings or bands of paint, often brightly colored, applied to arrows on a lathe-like tool called a cresting machine, usually for the purpose of personalization. Like wraps, cresting may also be done to make arrows easier to see. 
WHY A BARE SHAFT? If shot at short distance through paper into a butt, a bare shaft will reveal improper thrust effects since aerodynamics will not have time to straighten out the flight of the arrow. It will literally fly sideways through the paper creating a tell-tale pattern if the tune is bad. Fletching would straighten out the arrow's flight and make this first stage of tuning more difficult.