What is telophase ii?

The last stage in the second meiotic division of which follows anaphase II.

During telophase II, the chromosomes reach opposite poles, cytokinesis occurs, the two cells produced by meiosis I divide to form four haploid daughter cells, and nuclear envelopes (white in the diagram) form. When the two cells are entirely separated and their nuclear membranes are fully formed, meiosis will be complete.

http://www.biology-online.org/dictionary/Telophase_iiInfo on Telophase