Right, very quick summary for you (probably wrong as I'm hungover and very tired).
Before observation, the particle, an electron in this case, can exist in several of a number of different states, we don't know which one it is in. To "observe" the electron we need to bounce a photon off of it, and use that to measure the electron. It is the act of bouncing the photon off of the electron that causes it to chance and only exist in one state.
It's nothing to do with consciousness, it's simply due to the fact that to measure it, we have to interfere with the system, which changes it.
(I make no claims that any of that is 100% correct, but it should serve to answer the OP.)