First of all, if its a power outlet from your house ..... proceed.
If it is not from a house the voltage is likely higher and only a qualified electrician can legally do that.
The reason for this is that you need a CAT III meter to measure the higher voltages. Most meters from eg. Canadian Tire are only a CAT II or CAT I. So look at your meter and somewhere on it, there will be a rating from CAT I to CAT IV. If you are CAT II and above, proceed.
It all has to do with safety and how the meter was built.
Assuming you have a decent multimeter .......
1) Insure the leads are correctly inserted into the multimeter and are undamaged (the leads are the things you will be poking into the power outlet).
2) Turn the power (of the mulitmeter) on.
3) Different multimeters differ here how you would proceed. Usually there is a dial in the center that you can turn to select different things to measure. You want AC Voltage. Look for this symbol V~ . That is the symbol for AC Voltage. Set the dial to that symbol.
4) Some multimeters autoadjust. Others you have to adjust manually. If you have to adjust it, set it to a voltage higher than the one you expect to find. So if beside the V~ there are a bunch of number, like 10, 200, 600, etc. You would choose 200 (since housing should be around 120). It is likely your meter autoadjusts though so this is probably not a problem for you.
5) Now your ready to insert the probes into the outlet. It doesn't really matter which one you but the red and which one you but the black lead into. If its reversed you get a negative number. Just ignore it.
6) Hold the plastic portion of the leads and insert the probe ends into the outlet. (One each into the two verticle openings of the outlet).
7) Now you should be getting your voltage reading. Usually something between 118V and 125V.
Thats it. But stay away from your stove outlet and your washer and dryer. These are higher voltages and can be dangerous. Also stay away from your panel.
If you are checking to see if the voltage to the outlet is 0 because you want to work on it, check an outlet that you know to be live first (and you get aprox. 120V) just to make sure you meter is working before you trust the 0V.
Good luck.
Dude -- if u got ur leads reversed u get a negative reading