Well kiddo, the interplanetary medium is the stuff that is between planets in space. It's kind of like the air we breathe on Earth, but it's not air, it's made up of many different things like gas, dust, and even magnetic fields.
You know how your toy cars move easily on the floor, but they would be hard to move on a carpet? Well, the interplanetary medium is kind of like a carpet between planets, and it can make spacecraft and asteroids move in different ways.
Sometimes, the interplanetary medium can even make a pretty light show in the sky, like the Northern Lights. It's also important to study the interplanetary medium because it can tell us a lot about the history and future of our solar system, and it helps us plan spaces missions better.