Multiple trace theory is like a storybook in your brain that keeps getting updated. Let's say you heard a story about a dog yesterday, and you want to remember it today. Your brain creates a new page in the storybook that has all the details you remember about the dog. Then, let's say you hear another story about a dog tomorrow. Your brain adds another page to the storybook with all the new details about the dog in that story.
Now if someone were to ask you about dogs, you would have all these pages to look back on and remember all the different things you've learned about dogs.
Also, because your brain stores each memory in a different page, if one of the pages gets damaged or deleted, you can still remember the story from the other pages. This is why multiple trace theory suggests that memories are not stored in one specific place in the brain, but in many different places throughout the brain.
So next time you learn something new, think about adding a new page to your own storybook in your brain!