Father Time

"That is old Father Time, who was once a King in Overland. Now he has sunk down into the Deep Realm and lies dreaming of all the things that are done in the upper world. Many sink down and few return to the sunlit lands. They say he will wake at the end of the world."

- Mullugutherum

Father Time was the "giant of giants" who once ruled a kingdom in Overland, who slept throughout most of Narnia's history in an enchanted sleep in Underland, and who helped bring about the end of Narnia.

Biography
Assumingly, he once ruled a kingdom somewhere in the surface world of Narnia, but at some point he sank down into Underland and was put to sleep there in a cavern, along with Birds, Bats, Lizards and Dragons. When Eustace Scrubb, Jill Pole and Puddleglum were on their quest to find Prince Rilian, the Gnomes told them that they believed he dreamed of the going-ons of the overworld,.

It is unknown what happened to him when Underland fell apart, although he presumably carried on sleeping.

"While he lay dreaming his name was Time. Now that he is awake he will have a new one."

- Aslan

When the end of the world came, Aslan called "Time" several times, which woke him up. He then helped Aslan end the world: in particular he destroyed the sun by squeezing it like an orange in his hand, which brought an end to all ages. He was then given a new name, and left outside at the end of the world.

He did not enter Aslan's Country, and what happened to him afterwards is unknown, but it's presumed that he froze to death and his soul joined the souls of the creatures that helped him destroy Narnia.

Description
The narration says that while he was far bigger than any of the giants, "his face was not like a giant's, but noble and beautiful." He also had a large snowy beard, which covered him to his waist, and it is said that "a pure, silver light rested upon him", though "no one saw where it came from."