Imagine you have a toy car that is missing a wheel. You need to put a new wheel on, but the hole in the car's body where the wheel goes is all wrong. A tap and die set is like a special tool kit that helps you fix this problem.
The "tap" part of the set has a special screw-like tool that you use to make threads - little ridges - in the inside of the hole. This is called "tapping." The "die" part of the set has a similar tool that you use to make threads on a metal rod - this is called "dies". When you use these tools together, you can create custom threading on a piece of metal or in a hole, that can then fit together snugly like a screw.
So, going back to the toy car, you would use the tap tool to create threads in the hole where the missing wheel goes. This will make it so that you can screw a new wheel onto the car, even though the original hole was the wrong size or shape. The tap and die set is a really cool tool that can help you customize your toys or fix other things you have that are broken!