ok I think I can help you here with my version:
There is a cat in a box, with a device that emits a deadly poison and will kill the cat. The chance of the poison being set off is EXACTLY 50/50. If you open the box to find out whether the cat is dead, then the poison is set off and the cat dies.
SO.... with the chance of the cat being alive or dead being 50/50 (and with no way to find out) the cat is both alive and dead at the same time. The cat is not alive or dead until you open the box to find out.... and even then you kill the cat.
In the quantum world: various radiations (electrons, light, etc) can behave and act as either a wave OR a particle.... not both.
however, studies have found that if you try to observe whether the (eg) the photon is a wave or particle then you make the photon behave as such.
I.E if you are looking for a wave, the photon is a wave and if you are looking for a particle, it is a particle - it seems the very act of observing the photon determines whether it is a wave or particle, and therefore BEFORE you observe the photon - it is simultaneously BOTH a wave and a particle!!
pretty cool huh?