These are integral to myocardial function.
1 alpha subunit, 2 beta subunits, 2 activation (M) gates, one inactivation (H) gate.
One can pretend that the gates are named for the shape the channel makes, see? (Actually they are just algebraic terms in the hodgekin-huxely model).

In resting state, the M gates are closed, sodium cannot flow, and the gate looks like an M.
As membrane voltage hits the threshold of -50, the M gates open in a sliding helix action, and sodium can flow into the cell, dragging the cell towards the sodium Nernst potential (+70mV). This is the open state.
After one to two ms, the H gate closes. This is the inactivated state. It lasts around 140ms, before the M gates once again close; repolarization then opens the H gate, returning the cell to the resting state.
These states correspond to the refractory periods of the cell:
The absolute refractory period is phase 0, 1, and 2, and part of phase 3. In this phase, the sodium channels are all either open (and the cell is maximally depolarized) or in inactivated state.
During the relative refractory period at the end of phase 3, some of the sodium channels are resting, but some are still inactivated, so any stimulus will produce a subnormal action potential.
The effective refractory period is the absolute refractory period plus part of the relative refractory period where any depolarization will be too small to spread to adjacent myocardium.