Imagine you're playing with a balloon and you blow it up really big. Then you let go of the end and all the air goes out really fast and makes a loud sound. That's kind of like what a dump valve does in a car.
A dump valve is like a door that opens up in the middle of the pipes in a car's engine. When you're driving fast and you press down on the gas pedal to make the car go even faster, the pressure in the pipes builds up like blowing up a balloon. When the pressure gets too high, the dump valve opens up and lets some of the air out really fast, like letting go of the balloon.
This helps the engine stay healthy and not get too much pressure, which could damage it. Plus, it makes a cool sound that some people really like. Kind of like popping a balloon, but in your car!