Viscosity is a physical property of Fluid. It shows resistance to flow. In a simple example, water has a low viscosity, as it is 'thin'. Syrup or tar, on the other hand has a high viscosity, as it is 'thick'. A way to test for viscosity is the speed at which the substance runs down a slope. Syrup would reach the bottom very slowly, whereas water would be a lot quicker.
Viscosity is used as a way to predict when volcanoes erupt. When the lava comes out very thickly (viscous), there is more chance that it will erupt violently. This is because the lava has a hard time getting out and may burst out when it can. If the lava is thin (low viscosity), then it just flows out like water.