COVID-19 vaccines: What does 95% efficacy actually mean?

It doesn't mean 5% of vaccinated people get infected.

COVID-19 vaccine is stored in the pharmacy at Roseland Community Hospital on Dec. 18, 2020 in Chicago, Illinois.
COVID-19 vaccine is stored in the pharmacy at Roseland Community Hospital on Dec. 18, 2020 in Chicago, Illinois.
(Image credit: Scott Olson/Getty Images)

You have likely heard that Pfizer's COVID-19 vaccine efficacy is 95%, Moderna's is 94% and Johnson & Johnson's is 66%. But what do these numbers actually mean? 

It's not just an academic question. How people understand these numbers affects how they think about the vaccine, whether they get it and how they behave after getting it, all of which have implications for the pandemic on a larger scale.