What is side-chaining?

Using a compressor with a sidechain allows you to ‘duck’. It’s very clearly noticeable in EDM music where they sidechain the kickdrum into backing synths so you get this pumping sound of the kickdrum and synths alternating. This allows you to make the kickdrum louder than you usually could because there’s no other sounds playing together with it. The wikipedia link from Chris has an example.