Okay kiddo, so you know how when you play with your toys, each toy has a different job or role in your game? Well, in sentences, words also have different roles or jobs. One of these jobs is called a "theta role".
A theta role is the job that a word does in a sentence, specifically related to its relationship with the verb. Let's say you have a sentence like "The cat chased the mouse". The verb in this sentence is "chased", and it needs some other words to give it meaning. The cat and the mouse are called "arguments" of the verb.
Now, each argument has a specific job to do. The cat is the one doing the chasing, so we say it has the theta role of "agent". The mouse is the one being chased, so we say it has the theta role of "patient". Theta roles help us understand who is doing what to whom in a sentence.
Other theta roles might include "theme" (the thing being talked about), "experiencer" (the thing experiencing something), and "instrument" (the thing used to perform an action).
So, basically, theta roles are just a way of understanding the different jobs that words have in sentences and how they relate to the verb.