In the name of Allah, Most Gracious, Most Merciful.
 We have indeed revealed this (Message) in the Night of Power:
 And what will explain to thee what the Night of Power is?
 The Night of Power is better than a thousand months.
 Therein come down the angels and the Spirit by Allah's permission, on every errand:
 Peace!... This until the rise of Morning.
What is Laylatul Qadr or Night of Power therefore?
You are all aware of its importance so I will just briefly re-run through it. In surah Al-Qadr Allah (SWT) clearly states:
"Surely We revealed it (the Holy Quran) on the grand night. And what will make you comprehend what the grand night. The grand night is better than a thousand months. The angels and Gabriel descend in it by the permission of their Lord for every affair, Peace! It is till the break of the morning." Holy Quran (97:1-5)
Allah (SWT) is inviting all the believers for a Divine feast; the invitation which has been brought by the messengers. Allah (SWT) is the host, his most favorite angels are the servants and the believers are the guests. The table is spread with Divine blessings containing all sorts of rewards and favors. Though the eyes cannot see them nor the ears hear them not the human hearts imagine them, yet the bounties are all kept in readiness to be awarded to the guests in accordance to her actions.
Laylatul Qadr is a blessed night because the Almighty brings down during it goodness, bliss, and forgiveness for His servants. It is a feast which has come with a message that shows one the way to achieve happiness in both the worlds. Laylatul Qadr is a feast for the spirit, a feast of worship and prayers.
Ahadith indicate that the fate of every believer for the coming year is decreed on this night. When our Prophet Mohammad (saw) was asked how man could enjoy the favors and good grace of proximity to, and mercy of, Allah (SWT) he quoted Prophet Moosa / Musa / Moses (peace be upon him) supplication:
"Oh My God, I seek proximity to You; He (Allah) said: Proximity to Me is for him who stays awake on Laylatul Qadr.
Oh My God, I am in need of Your Mercy; He (Allah) said: My Mercy is for him who shows mercy to the poor on Laylatul Qadr.
Oh My God, I am in need of the passport to cross the bridge; He (Allah) said: that is for him who give alms on Laylatul Qadr.
Oh My God, I am in need of the trees in Paradise and their fruits; He (Allah) said: that is for him who seeks forgiveness on Laylatul Qadr.
Oh My God, I seek deliverance from fire; He (Allah) said: that is for him who remembers Allah on Laylatul Qadr.
Oh My God, I seek Your good pleasure; He (Allah) said: that is for him who says a two Rakat prayer on Laylatul Qadr."
On another occasion Prophet Moosa / Musa / Moses (peace be upon him) said: "Oh My God, are You far away that I shout at You, or are You near that I whisper to You?" He (Allah) said: "O Musa, I am sitting together with you!"