I know NF is the last element, as explained here:
NF is a predefined variable whose value is the number of fields in the current record. awk automatically updates the value of NF each time it reads a record. No matter how many fields there are, the last field in a record can be represented by $NF. So, $NF is the same as $7, which is ‘example.’. If you try to reference a field beyond the last one (such as $8 when the record has only seven fields), you get the empty string. (If used in a numeric operation, you get zero.)
What it stands for? I guess NR
, for example, is number, but I'm also not sure about that