Genesis 33

1 Jacob was still afraid and divided his family so that the last ones might escape if the first ones were attacked. Jacob ordered his wives in the order of respect -- the servant women being the "least" important and Rachel being most dear to him.
3 Jacob goes to meet Esau first and bows in humbleness before him.
4 Instead of attacking Jacob, Esau ran to hug him. Since this was more emotional than a formal greeting, it is evident that Esau truly did miss his brother. However, their descendents would forever be rivals.
5 Jacob acknowledges that all that he has is a gift from God. Yes, Jacob labored and toiled, but God gave him the abilities, opportunities, and rewards.
6 Jacob, no longer in immediate danger, then introduced his family. Each wife and her children bowed with respect.
8 Esau then asks about the gifts Jacob sent. At first Esau refuses them, but finally accepts them. In some places, it is customary to do this.
10 Acceptance of the gift would be evidence that Esau accepted Jacob. It would be unthinkable that Esau would kill Jacob after accepting such a gift.

Jacob recognized he was defenseless and at the mercy of his brother. Esau could have killed him for his past sins, but he did not. In a similar manner, we are ultimately at the mercy of God, and accountable to Him for our sins. However, when we please Him, He rewards us instead of judging us.

11 Jacob had deceptively attained Esau's spiritual blessing from Isaac. He now hoped that a physical blessing from himself would make up for some of the loss.

The spiritual blessing could not be returned to Esau. In fact, the blessing on Jacob was further confirmed by God. He had attained the blessing incorrectly, but the blessing was meant for him anyway.

12 Esau wanted to escort Jacob and his family, but Jacob was still wary of him, even after their happy reunion. Jacob insisted on making his own way, and Esau eventually let him.
15 Esau, perhaps sensing that Jacob was intimidated by his 400 men, offered to leave a small group of bodyguards instead. Israel again respectfully declined.
17 Jacob did not travel to Seir as he had said he would. Instead, he settled between the Jordan and Jabbok rivers. "Succoth" means "booths," and refers to the several shelters Jacob built for his livestock. It is uncertain how long Jacob lived in this area, but some have suggested that it was as many as ten years. Obviously, it was long enough to warrant building a house, rather than living in tents.
18 Eventually, Jacob moved his family from the east to the west side of the Jordan. This was the Promised Land that his descendants would inherit.
19 God's promise of giving Abraham's descendents this land would not come true until Israel's descendents would leave Egypt. Since the land was not his yet, Jacob had to purchase property.
20 Taking after his grandfather, Abraham, Jacob built an altar to God. Using his new God-given name, he called the place "A Mighty God is the God of Israel." God had kept His promise to protect and prosper Jacob, and Jacob now accepted Him as the one true God. Jacob as sincerely grateful for all that God had done for him.