Okay kiddo, imagine you're playing tag and you have a really good aim with your toy cannon. You want to hit someone far away really accurately. So you put a special ball in your cannon that has a special chip inside it that knows what to do. When you shoot the ball, the chip inside helps guide it towards your target like a remote control car. That way, you don't have to worry about missing your target and you can be sure you'll hit them right on the money. That's kind of like what a cannon-launched guided projectile does! It's a special type of ball that can be shot from a cannon and it has special technology inside that helps it hit a faraway target really accurately. It's really cool!