Suppose a person comes to me, claiming some fact is true. How can I check whether they're telling the truth? I could ask them a series of questions, carefully chosen to expose any lie. Such a procedure is called an "Interactive Proof" (IP). It turns out, there is an upper limit to how 'complicated' the statement being proved can be, before I, a 'simple' verifier, can't possibly tell the difference between a true claim and a false claim. The limit is called PSPACE. Note that in order for the prover to prove such 'complicated' claims, the prover must be very 'complicated' itself - at least as complicated as the statements being proved.
How can we take things farther? Suppose that instead two people come to me, claiming some fact is true. Then, those two people are separated - they are not allowed to communicate. Then, I ask them both questions, again trying to ferret out lies. This procedure is called a "Multi-prover Interactive Proof" (MIP). Again, there is a limit to how 'complicated' the statement being proved can be before I, a 'simple' verifier, can't possibly tell the difference between a true claim and a false claim. This time, the limit is NEXP - thought to be significantly more 'complicated' than PSPACE. Again, note that the prover must be capable of very 'complicated' computations to reach this point, but the only limit based on my ability to verify the proofs is NEXP.
Now for the new result:
How can we take things further? Suppose that again two people come to me, claiming a fact is true. This time, before the two people are separated, they divvy up some entagled quantum states. Then they're separated, and not allowed to communicate. Then, I ask them both questions, again trying to ferret out lies. This procedure is called a "Quantum Multi-prover Interactive Proof" (MIP*). This time, things are different: There is (basically) no limit on how 'complicated' the statement being proved can be before I, a 'simple' verifier, would not be able to distinguish true and false claims. (Basically) The only limit on the ability of the provers to prove things to me is their ability to discover the claims, not my ability to verify those proofs. That's roughly what saying that the limit is RE is saying - there's no limit.