the p value is the probability that you observe a difference between conditions GIVEN THAT the null hypothesis (null=nothing, so the null hypothesis is the hypothesis that whatever you changed, did nothing) is true. e.g.,
If you take 1000 people, and give them panadol, and measure their sensitivity to pain,
and another 1000, give them a placebo and measure their sensitivity, we EXPECT a difference.
say we do find a difference.
The p value gives you the probability of seeing that particular difference (or more) IFFFFF there was in fact, no difference between panadol and the placebo. so if you get a really high p value, that means that the null hypothesis was probably true, and panadol doesnt really do anything
if p was TINY then there was SUCH LITTLE chance of seeing such a big difference, because were assuming that the null hypothesis is true (ie, that panadol is useless). therefore, your original assumption, that panadol sucks, is probably wrong, and we have a "significant" effect.
as a disciplne, psychology is prepared to accept p values of less than 0.05. so that means, that theyre prepared to be wrong 1 in every 20 times.
hope this helps!
EDIT: TT beat me t oit, and has a better explanation!