Hyperlapse is like when you make a time-lapse video but it's super fancy and cool looking. A time-lapse video is when you take a bunch of pictures of the same thing over time, like a flower growing, and then you put them all together really fast so it looks like the flower is growing really quickly.
But with hyperlapse, instead of keeping your camera still in one spot, you move it around while you're taking the pictures. So if you were taking a time-lapse of a street, you could walk down the street while taking the pictures and then when you played it back really fast, it would look like you were moving really quickly.
People use hyperlapse videos to show a whole bunch of different things, like cities at night or people running through a park. It's like going on an adventure!