A unicellular organism is an organism whose living body consists of one biological cell. That biological cell maintains itself, grows and participates in reproduction; it is not merely one specialized component of a larger body. Escherichia coli and ordinary free-living Saccharomyces cerevisiae illustrate prokaryotic and eukaryotic examples respectively. Cellular organization and the number of biological cells are separate questions. See Clark, Douglas and Choi, Biology 2e, 4.1: cells as units of organisms.
How can one biological cell do enough to sustain an organism? Its cell membrane retains useful material while membrane transport allows exchange; metabolism transforms nutrients and supplies usable energy; gene expression makes proteins needed to maintain and rebuild the machinery. These functions operate together inside the same boundary. In Saccharomyces cerevisiae, for example, glucose can support alcoholic fermentation and production of ATP, while the cell cycle and budding produce descendants. A single biological cell therefore combines chemical processing, regulated exchange and inherited organization. See Alberts et al., Molecular Biology of the Cell (2002): universal cellular machinery and the experimental accounts under Saccharomyces cerevisiae and yeast.
Figure 1. . Original conceptual schematic, not micrographs or an evolutionary ladder. Colors mark illustrative lineages in the middle panels and illustrative functions in the right panel; they are not measured traits. A biological colony can also be clonal, and clonal development need not produce specialized biological cells. The integrated panel illustrates a division of functions, not a particular species. Details.
Being a unicellular organism does not mean isolated or independent of all other life. Unicellular organisms can interact and cooperate in groups. A biological colony describes association; clonal development describes descent; developmental integration describes coordination of the developing whole. Neither shared ancestry nor a visible clump alone establishes the latter. This distinction makes single-cell experiments easier to interpret: measuring the growth of one biological cell, the expansion of a group and the reproductive success of a reproducing cluster can answer different questions. See Queller and Strassmann, Beyond society: the evolution of organismality (2009): cooperation and the limits of simple organism criteria.

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