If you have any desire to learn the sport of boxing, also known as the "sweet science," the jab is a fast, long range punch that will decide your fate in the ring. It may also be the punch you throw most often because although it's one of the weaker punches, it can help you win by point decisions rather than by knockout. Over 90% of the punches that boxing great Muhammad Ali threw were jabs. The purpose of a jab is to keep your opponent away from you, give him a little sting, wear him down gradually, and set him up for stronger punches.
Step 1

Lean forward with your elbows in and your right hand a little higher than your left. If you are taller than your opponent and it is unlikely that he will pull off a straight right to your face, you can keep it low like Ali for greater power and visibility. Otherwise, keep it at your chin ready to parry or block.
Step 2

Shift your weight forward with the jab. Simultaneously push off your back (right) foot (but don't let it come off the ground) and twitch your entire left side forward while slightly lifting your left foot. As your hand comes forward, your body's weight should come forward at the same time. Rotate your hand as it comes forward.
Keep your chin tucked in behind your shoulder.
Throw the jab straight out as if you're punching into a pipe.
Step 3
As soon as your fist reaches full extension, quickly pull it back to its original position. You can either bring your back foot forward, encroaching on your opponent's space, or step back, putting the weight again on your back foot. But don't step back as you throw the jab, or it won't have any power.
Step 4
Expect some sort of counter-attack. If you are tall, your objective is to get in close enough to deliver a straight right. If you are smaller and more compact, you may need a few jabs to get in close enough for a hook or uppercut. The jab will help you accomplish both of these.