How can the U.S. Constitution be changed

Some people believe the United States Constitution is a “living document” that adapts to the times.  Some believe it means today exactly what it meant when it was written.  Why is this an important distinction (ie. Why does it matter?)?  Which of the 2 statements (living document that adapts or means what it meant in 1787) would you pick as true and why?

 

While the U.S Constitution is considered a milestone in the protection of individual rights, it is by no means perfect. How can the U.S. Constitution be changed?  Be sure to outline both the amendment process and judicial review (the courts ability to interpret the Constitution).