It is the process in which an organism's body produces light as a result of a chemical reaction.
For the occurrence of that chemical reaction, the organism must possess a chemical called luciferin.
Luciferin when comes into contact with oxygen, reacts and produces light.
Bioluminescence is a kind of chemiluminescence.
It is observed generally in the organisms that live in the deep sea.
Some of the organisms that show this phenomenon is - marine vertebrates, invertebrates, some microbes, bacteria, and fungi. It is also seen in some arthropods such as fireflies.