A Bloom Filter is like a super-efficient spam filter for blockchain data - it's a probabilistic data structure that can quickly check whether an element is part of a set, without having to store the entire set. It's like a magic trick that can tell you if something is in the hat, without having to pull out all the rabbits.
Example
"Bloom Filters are used in some blockchain protocols to speed up the process of verifying whether a transaction output has been spent or not."
"The downside of Bloom Filters is that they can sometimes give false positives, saying that an element is in the set when it's not - but for many applications, that's an acceptable trade-off for the improved efficiency."