Plain meaning
Start with the shortest useful explanation before going deeper.
A vulnerability where a program deserializes and trusts account data without first confirming that the account is owned by the expected program, allowing an attacker to substitute a maliciously crafted account owned by a different program whose byte layout happens to satisfy the deserialization. On Solana, every account stores a 32-byte owner field set to the program that created it; native programs must assert account.owner == &expected_program_id, while Anchor's Account<'info, T> wrapper performs this check automatically. Failure to validate ownership can lead to complete auth bypass if an attacker can construct a fake account whose data parses into a struct with elevated privileges.