Okay, picture a toy telephone with a wire running from one end of the toy to the other.
The tip is like the part of the phone that goes into your ear, and the ring is like the part that goes near your mouth.
So when you talk into the phone, your voice goes into the ring part and travels through the wire to the tip part, which goes into your friend's ear.
It's the same with real phones and other communication devices - the tip and ring are the two parts that help your voice or other messages travel through the wires or other communication channels.