Bernoulli's principle is a concept of fluid dynamics. It says that when an incompressible fluid moves through different sizes of tube, the fluid's speed changes. This change in velocity is called "acceleration". Newton showed that acceleration only occurs through the action of a force. When a force acts over an area, it is called "pressure". So any change in a fluid's speed must be matched by a change in pressure (force). Bernoulli saw that while the speed of the flow went up in the smaller part of the tube, the pressure went down.
Basically the Bernoulli principle says that as speed of the fluid increases, pressure decreases. The photo on the right shows this happening. The air in the wide part of the tube has a higher static pressure than the thin part. For a steady flow, the amount of fluid entering the pipe must equal the amount leaving the pipe, so the fluid speed in the thin part must increase.
The full version of Bernoulli's principle includes both the work performed by the pressure and by the changes in potential energy from changes in height. In this form, the principle says the sum of the pressure, kinetic energy, and potential energy is a constant. (Bernoulli does not take into account viscosity or compressibility.)