Okay kiddo, let's talk about spectral theory of compact operators.
Imagine you have a magic wand that can transform one thing into another thing. But there's a catch: the wand only works on teeny-tiny things, like ants or crumbs. That's kind of like what a compact operator does - it transforms vectors in a very specific way, but only if the vectors are small enough.
Now, the spectral theory part comes in when we think about what happens to these teeny-tiny vectors after they get transformed. It turns out that we can break down the transformation into smaller parts called eigenvalues and eigenvectors. The eigenvalues tell us how much the eigenvectors get stretched or squished during the transformation. Think of it like looking at a rubber band before and after you pull it - the eigenvalue would tell you exactly how much it stretched.
So, in summary, spectral theory of compact operators is all about using this magic wand (compact operator) to transform teeny-tiny vectors, and then breaking down that transformation into smaller parts (eigenvalues and eigenvectors) to understand how much the vectors got stretched or squished. Pretty cool, huh?