condenser mics need an extra bit of juice (I think 48v) to work. That's where phantom power comes in.
"There he goes. One of God's own prototypes. Some kind of high powered mutant never even considered for mass production. Too weird to live, and too rare to die."-Duke
its basically just a little power source within the mic input that powers condeser mics when you switch it on
Austin Les Paul rip-off that sounds really nice
Gibson V