Air cooling happens when something that gets hot, like a computer or a car engine, has a fan blowing air over it to help cool it down. Just like when you blow on your hot soup to cool it off, the air helps to take away the heat from the thing that is hot.
When the air moves over the hot thing, it picks up some of the heat and carries it away. This is why blowing on your soup makes it cool down faster. The fan is like a little helper that blows air over the hot thing, so it can cool down faster than if it was just sitting there getting hotter and hotter.
Air cooling is important because if something gets too hot, it can break or stop working. So, air cooling helps to keep things from overheating and breaking.