"Phase Shift" refers to a time difference (or shift) between two or more signals (I think Mira is interested in the shift in a signal that occurs between input and output) The difference is measured in degrees. If you have Art of Electronics, I believe the first chapter gives an easy to understand primer, and general perspective of some occasions where "phase shift" occurs at the electrical level (between input and output). Analysing phase relationships of sounds in the real world or even just a room get too complicated too fast. It seems like a simple concept until you start thinking about it too deeply. Just think of it as time and difference.
Think of a sine wave, that starts at the base line 0, proceeds positive, then back to zero, then negative, and back to 0. If another sine wave at the same frequency starts at 0 (or any portion of the positive or negatice cycle) at exactly the same time as the first signal, they are "in-phase". Phase shift is when one of the signals is not exactly "in-time" with the other signal.
When two signals are not "in-phase" certain frequencies will cancel/add to a certain degree.
As for capacitors, like zmix said, the current leads the voltage by 90 degrees (with an inductor, it's the opposite, the voltage leads). This is because they are both storage devices that work in different ways. Dig into AOE, some of it will start to make sense after about a dozen readings...I'm still working on mine--repeatedly... :sad:
PRR's my role model...I wanna be just like him when I grow up :grin: